Hedge Funds Up 2.69% To Open 2013

Feb 14 2013 | 12:54pm ET

Hedge funds advanced 2.69% in January, according to the Hennessee Hedge Fund Index.

“Hedge funds performed well in January, capturing a significant portion of the market upside,” said the Hennessee Group's Lee Hennessee. “Recent performance reflects a shift away from a market driven by macro news flow and towards a market driven by fundamentals. This shift should benefit hedge fund managers.”

Of the 22 Hennessee strategy indices reporting, only one—short-biased—lost ground in a month that saw the Standard & Poor's 500 Index rise by more than 5%. Short-biased funds lost an average of 3.22% on the month.

Asia-Pacific funds did best in January, jumping 5.32%. It was the only strategy, however, to top the S&P. Financial equities funds rose 4.59% on the month, Europe funds 4.44%, international funds 4.21%, macro funds 3.9%, value funds 3.79% and Latin America funds 3.72%.

Emerging markets funds added 2.93%, event-driven funds 1.79%, fixed-income funds 1.6%, convertible arbitrage funds 1.34%, market neutral funds 1.27%, distressed funds 1.21% and merger arbitrage funds 0.64%.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note