Hedge Funds Gain 2% As Jan. Outflows Hit $9B

Feb 21 2013 | 4:23pm 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

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

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of