Eureka: Hedge Funds Fall 0.8%

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.


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