Friday, 31 July 2015
Last updated 10 hours ago
Feb 12 2009 | 2:05am ET
Most hedge funds gained ground in January—their second straight positive month—to get 2009 off on the right foot.
The Eurekahedge Hedge Fund Index, which fell by 12% last year, rose 0.5% last month, according to preliminary returns. Eight of the nine strategies tracked by Eureka rose in January, led by arbitrage funds at 2.3% and distressed debt at 1.7%. The only strategy index in the red last month was down 0.8%.
Regionally, North American hedge funds rose 1.3%, Latin American funds 1% and European funds 0.5%, while Asia funds lost 0.5%, Japanese funds 1.5% and Eastern European and Russian funds 7.6%.
The good news, however, may be short-lived. Just over one-third of the funds in Eureka’s index have reported, and poorer performers tend to report later. The final report is due next week.
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…