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 17 hours ago
Feb 18 2014 | 1:49pm ET
The Hennessee Hedge Fund Index fell 0.18% in January, beating the S&P 500 which dropped 3.56%.
Equity long/short hedge funds gained 0.83% in January. The best-performing sectors were utilities (up 2.88%), healthcare (up 0.87%) and information technology (down 2.59%) while underperforming sectors included energy (down 6.33%), consumer discretionary (down 5.97%) and consumer staples (down 5.30%).
Arbitrage/event-driven funds rose 0.58% in January. Distressed funds rose 1.01%; merger arbitrage funds gained 0.55%; and convertible arbitrage funds jumped 2.54%.
Global/macro funds lost 2.27%. International funds were down 3.69% while emerging markets fell 1.48%. Macro funds fell 1.77% for the month of January.
Fixed-income funds added 0.20% in January.