Wednesday, 1 March 2017
Last updated 17 hours ago
Feb 7 2013 | 9:45am ET
Hedge funds started 2013 with a 2.79% January gain, according to eVestment, their best opening month since 2006.
January 2013 performance looked very much like January 2012 performance, says the research company: “broadly positive and driven by long-biased equity market exposures across both developed and emerging markets.”
All strategies tracked by eVestment were positive in January, led by long/short equity, up 4.22%, their best month since May 2009. Japan-focused funds had something to do with this, gaining 8.14% on average last month.
Mortgage strategies were up 3.10% and managed futures up 2.34% in January while market neutral funds gained 1.99%, multi-strategy funds were up 1.91%, macro funds up 1.51% and relative value credit funds up 1.34%. The worst performers, event driven/distressed funds, were still up 0.80% on the month.
From a regional perspective, China funds were champions, up 6.71% in January, followed by Emerging Europe funds, up 3.06%.