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Credit Suisse Liquid Alternative Beta ("LAB") Index Up 1.10% in January
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NEW YORK, Feb. 4, 2013 /PRNewswire/ -- The Credit Suisse LAB Index was up
1.10% in January according to Dr. Jordan Drachman, Head of Alternative Beta
Strategies at Credit Suisse.
(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO )
Dr. Drachman noted, "The Credit Suisse Liquid Alternative Beta Index ("CSLAB"),
which aims to reflect the performance of the overall hedge fund industry,
finished up 1.10% in January. The Merger Arbitrage strategy was the strongest
performer for the month, finishing up 2.31%."
Performance for the LAB indices is shown below. Research, performance,
descriptions, statistics and downloadable index performance history can be found
online at www.credit-suisse.com/lab or on Bloomberg at < ILAB >.
Jan-13 Dec-12 YTD 2013
Credit Suisse Liquid Alternative Beta Index 1.10% 1.13% 1.10%
Credit Suisse Event Driven Liquid Index 1.60% 1.51% 1.60%
Credit Suisse Global Strategies Liquid Index 1.45% 0.91% 1.45%
Credit Suisse Long/Short Liquid Index -0.94% 1.42% -0.94%
Credit Suisse Merger Arbitrage Liquid Index 2.31% 1.21% 2.31%
Credit Suisse Managed Futures Liquid Index 2.19% 1.64% 2.19%
About LAB Indices
The LAB series of indices seek to replicate the aggregate return profiles of
hedge fund strategies using liquid, tradable instruments. LAB indices are priced
daily and constructed using an objective and transparent rules-based
methodology, making them ideal candidates for index-linked products.
The LAB series includes six separate indices which are distinguishable in terms
of their level of granularity, reflecting the belief that the various strategies
within the hedge fund industry are exposed to different risks and as such need
to be modeled separately:
1The Credit Suisse Long/Short Liquid Index which seeks to reflect the return of
hedge funds as represented by the Long/Short Equity sector of the Dow Jones
Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABLS; 2The Credit Suisse
Event Driven Liquid Index seeks to reflect the return of hedge funds as
represented by the Event Driven sector of the Dow Jones Credit Suisse Hedge Fund
Index, Bloomberg ticker, CSLABED; 3The Credit Suisse Global Strategies Liquid
Index seeks to reflect the return of all remaining hedge fund strategies not
defined as Long/Short or Event Driven, Bloomberg ticker, CSLABGS; 4The Credit
Suisse Liquid Alternative Beta Index seeks to reflect the return of the overall
hedge fund industry, as represented by the Dow Jones Credit Suisse Hedge Fund
Index, by combining the Long/Short, Event Driven and Global Strategies Liquid
Index models, Bloomberg ticker, CSLAB; 5The Credit Suisse Merger Arbitrage
Liquid Index seeks to gain broad exposure to the Merger Arbitrage strategy using
a pre-defined quantitative methodology to invest in a liquid, diversified and
broadly representative set of announced merger deals, Bloomberg ticker, CSLABMA;
and 6The Credit Suisse Managed Futures Liquid Index seeks to gain broad exposure
to the Managed Futures strategy using a pre-defined quantitative methodology to
invest range of asset classes including: equities, fixed income, commodities and
currencies, Bloomberg ticker, CSLABMF.
The LAB indices are benchmarked to the market-leading Dow Jones Credit Suisse
Hedge Fund Indexes. As the industry's premier asset-weighted hedge fund indexes,
the Dow Jones Credit Suisse Hedge Fund Index platform consists of a range of
geographical and strategy-specific hedge fund indexes that are constructed from
a proprietary database of more than 9,000 hedge funds which seeks to provide the
most accurate representation of the hedge fund universe. Additional information
about the Dow Jones Credit Suisse Hedge Fund Indexes -- including research, fund
performance and constituent fund information -- can be found at
www.hedgeindex.com.
Credit Suisse Asset Management, LLC is a subsidiary of Credit Suisse and is
headquartered at 1 Madison Avenue, New York, NY 10010-3629.
About Credit Suisse AG
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and
is part of the Credit Suisse group of companies (referred to here as 'Credit
Suisse'). As an integrated bank, Credit Suisse is able to offer clients its
expertise in the areas of private banking, investment banking and asset
management from a single source. Credit Suisse provides specialist advisory
services, comprehensive solutions and innovative products to companies,
institutional clients and high net worth private clients worldwide, and also to
retail clients in Switzerland. Credit Suisse is headquartered in Zurich and
operates in over 50 countries worldwide. The group employs approximately 48,400
people. The registered shares (CSGN) of Credit Suisse's parent company, Credit
Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New York. Further information about Credit Suisse
can be found at www.credit-suisse.com.
Important Legal Information
This document was produced by and the opinions expressed are those of Credit
Suisse as of the date of writing and are subject to change without obligation to
update. It has been prepared solely for information purposes and for the use of
the recipient. It does not constitute an offer or an invitation by or on behalf
of Credit Suisse to any person to buy or sell any security. Any reference to
past performance is not a guide to future performance. The information and
analysis contained in this publication have been compiled or arrived at from
sources believed to be reliable but Credit Suisse does not make any
representation as to their accuracy or completeness and does not accept
liability for any loss arising from the use hereof.
Certain information contained in this document constitutes "Forward-Looking
Statements" (including observations about markets and industry and regulatory
trends as of the original date of this document), which can be identified by the
use of forward-looking terminology such as "may", "will", "should", "expect",
"anticipate", "target", "project", "estimate", "intend", "continue" or
"believe", or the negatives thereof or other variations thereon or comparable
terminology. Due to various risks and uncertainties beyond our control, actual
events, results or performance may differ materially from those reflected or
contemplated in such forward-looking statements. Readers are cautioned not to
place undue reliance on such statements. Credit Suisse has no obligation to
update any of the forward-looking statements in this document.
Copyright © 2013 CREDIT SUISSE GROUP AG and/or its affiliates. All rights
reserved.
SOURCE Credit Suisse AG
Katherine Herring, Corporate Communications, Credit Suisse, +1-212-325-7545,
katherine.herring@credit-suisse.com
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