Eurekahedge: Hedge Funds Shed 0.44% In January

Feb 11 2014 | 7:06am ET

Hedge funds were down 0.44% in January, according to Eurekahedge data, but still outperformed underlying markets as the MSCI World Index declined 3.74% over the same period.

The best-performing strategies in January were relative value, up 0.83%, and distressed debt, up 0.69%. Other winners included arbitrage strategies, up 0.30% and fixed-income, up 0.21%.

The worst performers were multi-strategy funds, down 0.89% in January, followed by CTA/managed futures, down 0.84%; long/short equities, down 0.54%; macro down 0.31%; and event-driven, down 0.23%.

In regional terms, North American funds led the way, adding 0.37% on the month, followed by Japan funds, up 0.31%, and Europe-focused funds, up 0.21%.

Ending the month in the red were Eastern Europe and Russia funds, down 4.45%; Latin America funds, down 1.95%; emerging markets funds, down 1.79%; and Asia ex-Japan funds, down 0.81%.


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