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Florian Guldner, Opalesque Research:
'Alternatives Alternatives' investment funds had a positive month of January, according to an estimation based on 636 single- and multi-manager funds currently listed in 25 categories in the Opalesque Solutions A SQUARE Fund Database (Source).
The Opalesque A SQUARE Index gained* 1.39% in the first month of 2013. Estimates for December and November were corrected to +0.56% and +0.02%, respectively. The A SQUARE Funds of Funds Index performed slightly worse with a gain of 0.68%.
- Infrastructure funds had an exceptionally good month of January, gaining an average of 7.60%. Structured finance (+2.84%) and credit (+1.82%) were among the top performing asset classes, as well as energy (+2.51%) and all-commodity (+2.20%) traders.
- Losses were only generated in the field of equity derivatives (-2.16%) and base & precious metals (-1.44%).
A SQUARE database weighting by asset classes
Due to a rally on the global stock markets, investment funds specializing in alternative asset classes underperformed both global hedge funds and equities for another month: The Eurekahedge Hedge Fund Index gained 2.22% in in January, while the MSCI World Index was up over 5%.
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