Tech., Equity Hedge Funds Suffer Frigid January

Feb 18 2010 | 2:06am ET

Hedge funds got off on the wrong foot in 2010, with the average fund falling slightly in January.

The Barclay Hedge Fund Index lost 0.29% in January, according to BarclayHedge. Technology funds were hardest hit, dropping 2.74% on the month. Equity long-bias funds were battered by declining stocks, falling 1.68%. Emerging markets funds lost 1.19% and global macro funds slid 0.85%.

On the other hand, short-bias funds rallied as the world’s stock markets fell. The average short fund returned 3.18% last month. Distressed securities added 2.64%, fixed-income arbitrage 1.89% and multi-strategy funds 1.22%.

“Equity investors expressed their disappointment with White House announcements that the administration would seek to curtail risky behavior of U.S. banks,” BarclayHedge founder Sol Waksman said.

“Growing expectations that the economic recovery will be weaker than previously assumed drove interest rates lower and rallied the bond markets,” he added.

Funds of hedge funds dropped 0.17%, BarclayHedge said.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of