Friday, 30 January 2015
Last updated 4 hours ago
Feb 9 2010 | 10:39am ET
Hedge funds edged up in January, according to a preliminary report from Credit Suisse Tremont Index.
The Credit Suisse/Tremont Hedge Fund Index rose an estimated 0.17% in January, with 74% of the hedge fund assets included in the index reporting. The benchmark rose 18.57% last year.
Fixed-income arbitrage and distressed hedge funds posted the biggest gains last month, rising 2.46% and 2.02%, respectively. Most of the strategies tracked by Credit Suisse Tremont gained ground to open 2010, including dedicated short-bias funds, which took a beating during the market rally last year but took advantage of declining markets in January, returning 1.84%.
Event-driven funds rose 1.39%, global macro funds 1.11%, convertible arbitrage funds 1.06% and multi-strategy funds 0.88%.
Those strategies that did see red in January tended to see a lot of it. Managed futures funds, which lost 6.57% all of last year, dropped 3.91% last month alone. Long/short equity funds declined 1.7% and emerging markets funds dropped 1.24%.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…