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CSLAB down 2.32% in May

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The Credit Suisse LAB Index (CSLAB) was down 2.32% in May according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.

Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 2.32% in May as four of the five sectors posted negative performance. Managed Futures, which is typically viewed as an effective tail risk hedging solution during sharp market downturns, was the single positive performer, up 2.50% in May, and had the highest performance year-to-date in 2012, up 0.46%."

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