Hedge Funds Up 1.96% To Open '13

Feb 5 2013 | 2:52pm ET

Hedge funds gained ground in January but failed to capture the full rally of the broader markets, according to one industry benchmark.

The HFRX Global Hedge Fund Index rose 1.96% last month, turning in better than half its 2012 performance, up 3.51%, in 2013's first month alone. But that good news was tempered by the Standard & Poor's 500 Index's red-hot January, in which it soared 5.1%.

Only one strategy tracked by the HFRX suite managed to top that, with master-limited partnerships jumping 8.03% last month.

Special situations funds rose 4.22% on the month, event-driven funds 3.38%, fundamental value equity funds 3.08% and equity hedge funds 2.64%. Relative-value arbitrage funds added 1.51%, credit funds 1.39%, convertible arbitrage funds 0.97%, emerging markets funds 0.41%, and macro funds and commodity trading advisers 0.1%.

The only funds to lose ground on average last month were systematic diversified CTAs, which fell 0.08%.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of