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Alternative Market Briefing

Hedge fund industry kicks off 2012 with positive returns, ending two-month losing streak

Wednesday, February 08, 2012

From Komfie Manalo, Opalesque Asia The hedge fund industry on average delivered broad-based gains in January, according to several indices.

The HFRI Fund Weighted Composite Index gained +2.63% during the month, the second highest monthly performance figure since December 2010, according to data released by Hedge Fund Research, a Chicago-based global provider of data, analysis and indexation of the hedge fund industry.

HFR said in a statement, "Equity Hedge strategies performed the strongest in January, with the HFRI Equity Hedge Index gaining +3.84%, led by Fundamental Growth, Value and Energy/Basic Materials sub-strategies. Event Driven and Relative Value Arbitrage strategies posted gains of +2.4% and +2.3%, respectively, with contributions from ED: Special Situations and Activist funds, as well as RV: Yield Alternative and Convertible Arbitrage exposures. Macro strategies posted a gain of +1.1%, with strong contributions from Discretionary strategies, and complemented by gains in quantitative, trend-following strategies. Both Currency and Commodity focused funds posted January gains despite underlying asset volatility; the HFRI Macro: Systematic Diversified Index posted a gain of +0.32%. The lone sub-strategy of negative industry performance was Equity Hedge: Short Bias, which declined by -8.3% in January, following a +0......................

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