Hedge Fund Indices Mixed In January

Feb 17 2009 | 1:32am ET

A quartet of hedge fund indices showed decidedly mixed results for the industry in January.

The BarclayHedge Fund Index shed 0.26% last month, Iowa-based BarclayHedge said. On the bright side, 11 of the 18 strategies tracked by the data provider gained ground in January, led by convertible arbitrage funds, which returned 5.59%, and equity short-bias funds, which rose 3.44%.

On the other side, emerging markets funds lost 2.63% and equity long-bias funds fell 1.12%.

RBC Capital Markets’ RBC Hedge 250 Index, by contrast, rose 1.46% last month, according to estimated returns. Likewise the Lyxor Hedge Fund Index, which returned 1.53% in January.

The top-performing strategy in the Lyxor index was fixed-income arbitrage, which returned 4.19%, followed by special situations (up 4.08%) and short-term CTAs (up 3.3%). Like the BarclayHedge Index, emerging markets funds were the worst-performing strategy, down 2.99%. Other losers included equity short-bias (down 2.32%) and equity long-bias (down 2.06%).

Meanwhile, Down Under, hedge funds inched up to begin the New Year. The Australian Fund Monitors Index added 0.7% in January, led by real-estate, managed-futures and currency funds. Real estate funds returned 3.34%, managed futures 3.18% and currency and foreign exchange funds 2%. On the other side, equity 130/30 funds lost 4.4%.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.