Friday, 27 May 2016
Last updated 1 hour ago
Feb 8 2012 | 1:37pm ET
Stocks had their best January in almost 20 years last month. Hedge funds cannot say the same.
The average hedge fund rose 0.2% last month, the Bloomberg Aggregate Hedge Fund Index shows. The benchmark was down 4.9% last year.
The Bloomberg measure is somewhat pessimistic; most industry indices show average January returns of about 1.5%. The Standard & Poor's 500 Index rose more than 4% on the month.
Long/short equity funds rose 1.6% in January. Macro funds added 1.1% and multi-strategy funds 0.9%.