Thursday, 3 September 2015
Last updated 15 min ago
Feb 7 2014 | 1:40pm ET
Hedge funds lost 0.56%, in aggregate, in January but still managed to outperform the S&P 500 which shed 3.46% over the same period, reports eVestment.
Most strategies tracked by the data provider ended January in the red, with managed futures, down 1.48%, recording the biggest loss, followed by macro funds, down 1.31%; multi-strategy funds, down 0.76%; distressed funds, down 0.61%; event-driven funds, down 0.42%; long/short equity, down 0.28%; and directional credit, down 15%.
The best performers in January were relative value credit strategies, up 0.71%; convertible arbitrage, up 0.64%; event driven-activist, up 0.31%; and market neutral, up 0.22%.
Both developed and emerging markets funds lost ground in January, the former shedding 0.05%, the latter 1.06%.
Africa/Middle East funds were the best regional performers, adding 3.33% in January. All other regional funds tracked posted losses, led by Brazilian funds, down 5.00%; India funds, down 3.20%; Japan funds, down 1.75%; China funds, down 1.54%; and emerging Europe funds, down 0.37%.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…