The Credit Suisse LAB Index was up 1.71% in February according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 1.71% in February. Each of the five sectors posted positive performance. Long/Short and Event Driven were the strongest performers for a second month, gaining 2.25% and 2.16% respectively. Meanwhile, Merger Arbitrage was the lowest performing strategy, up 0.13% for the month."