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

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.


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