Americas Outperform The Rest Of The Hedge Fund World In Jan.

Feb 10 2011 | 4:54am ET

Hedge funds welcomed the new year with positive returns, according to a pair of industry indices.

The average fund returned 0.48% according to the AR Indices, which focuses on the Americas, while globally, things were somewhat more muted. The HedgeFund Intelligence Global Composite Index added just 0.28%.

As that figure suggests, returns were very mixed globally. Equity and event-driven hedge funds were both up in January, by 0.24% and 0.75%, respectively. But managed futures, macro and emerging markets funds were not so lucky. Emerging market stock funds dropped 1.17% and debt funds shed 1.03%.

Things were also mixed in the New World, although things were somewhat brighter. Mortgage-backed securities funds in the region rose 2.81%, followed by distressed funds at 2.5% and commodities funds at 2.36%. On the other side of the ledger, Latin American stock funds declined 1.06%, macro funds 0.39% and managed futures funds 0.38%.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…