Credit Suisse adds replicator strategies


Credit Suisse has created a new set of indices to replicate the performance of major hedge fund strategies called Liquid Alternative Beta Indices.

The three new indices are the Liquid Alternative Beta Index, the Event Driven Liquid Index and the Merger Arbitrage Liquid Index, and join the existing LAB Global Macro and Long/Short Liquid Indices.

According to Jordan Drachman, head of research for alternative beta strategies within Credit Suisse Asset Management, these strategies can provide portfolio diversification benefits and can also be used as a transition management tool, a hedging tool or as a liquidity buffer for institutional investors