The Credit Suisse Liquid Alternative Beta Index, which aims to reflect the performance of the overall hedge fund industry, finished up 0.61 per cent in May.

The Long/Short Equity strategy was the strongest performer for the month and year-to-date, finishing up 1.81 per cent in May and 2.82 per cent year-to-date through May.
 
Although the Event Driven strategy returned -0.15 per cent in May, it was the second-highest performing strategy year-to-date and returned 2.48 per cent through May.
 
The LAB series of indices seek to replicate the aggregate return profiles of hedge fund strategies using liquid, tradable instruments.