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

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.