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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...