The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 10 hours ago
Feb 21 2013 | 3:23pm ET
The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07% in January.
Nine of the 10 strategies tracked by the index finished the month in the black. Dedicated short bias funds posted the only loss, shedding 5.22%.
The winning strategies were led by long-short equity, up 3.54%; followed by emerging markets, up 3.45%; managed futures, up 2.67%; event-driven, up 2.15%; multi-strategy, up 2.07%; and convertible arbitrage, up 2.01%.
Also posting gains were equity market neutral strategies, up 1.99% in January; fixed-income arbitrage, up 1.06%; and global macro, up 0.88%;
The industry saw estimated outflows of $9.3 billion in January, bringing assets under management to roughly $1.78 trillion.
Multi-strategy and equity market neutral funds saw the largest asset inflows on a percentage basis, in January, at 0.78% and 0.19% of December 2012 levels, respectively.