The Credit Suisse
Liquid Alternative Beta Index, which aims to reflect the performance of
the hedge fund industry, fell by 0.16 per cent in February 2013.
Year-to-date the index has risen by 0.93 per cent.

On a strategy level, event driven (0.17 per cent) and managed futures
(0.11 per cent) posted positive returns for February, while the global,
long/short and merger arbitrage indices all fell. Year-to-date, all the
strategy indices have gained, with the exception of long/short, which
has lost 1.96 per cent.

The LAB series of indices seeks to replicate the aggregate returns of hedge fund strategies using liquid tradable instruments.