Tuesday, 26 July 2016
Last updated 20 min ago
Feb 10 2010 | 12:31pm ET
Hedge funds retreated slightly in January following their banner 2009, according to Eurekahedge.
The Eurekahedge Hedge Fund Index dipped 0.8% last month, preliminary reports from the 2,000 hedge funds that contribute to the index show. About 36% of the funds have reported their January performance so far.
Long/short funds match the broader index’s decline, dropping 0.8%. Commodity trading advisors did the worst among Eureka’s nine strategy indices, plummeting 2.8% on the month.
Despite the overall drawdown, four out of Eureka’s seven regional indices saw gains last month. Asia ex-Japan funds did the worst of those, falling 1.7% in the first month of the new year.