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Media Release
Credit Suisse Liquid Alternative Beta ("LAB") Index Up 0.92% in DecemberNew York, January 5, 2012 The Credit Suisse LAB Index was up 0.92% in December according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
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 0.92% in December. Three of the five sectors posted positive performance, including Event Driven which was the strongest performer, gaining 1.76%. Meanwhile, Merger Arbitrage was the lowest performing strategy, down 0.78% for the month; however, it remained the highest performing sector year-to-date, up 3.14%."
Performance for the LAB indices is shown below. Research,
performance, descriptions, statistics and downloadable price
history can be found on the Credit Suisse Alternative Beta
website, www.credit-suisse.com/alternativebetaor on Bloomberg at
Credit Suisse Managed Futures Liquid Index 0.19% 0.05% -3.55%
About LAB IndicesThe 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:
1. The 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;
2. The 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 and
3. The 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;
Credit Suisse Asset Management, LLC
11 Madison Avenue
New York, NY 10010
U.S.A.
Tel. +1 212 325 7396
Fax +1 212 325 7924
4. The 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;
5. The 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.
6. The 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 11 Madison Avenue, New York, NY 10010-3629.
Contact InformationKatherine Herring, Corporate Communications, Credit Suisse, +1 212 325 7545, katherine.herring@credit-suisse.com
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Credit Suisse AG is one of the world's leading financial
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'Credit Suisse'). As an integrated bank, Credit
Suisse offers clients its combined expertise in the areas of
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at www.credit-suisse.com.
In its Asset Management business, Credit Suisse offers
products across a broad spectrum of investment classes,
including hedge funds, credit, index, real estate,
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All businesses of Credit Suisse are subject to distinct
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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
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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
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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 © 2012 CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
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