Hedge Funds Start Year With 2.8% Gain

Feb 7 2013 | 10:45am 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%.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

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

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of