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Hedge funds gain 1.27% in January, best month for event-driven funds: HFI

Wednesday, February 08, 2012
Opalesque Industry Update - Hedge funds ended a two-month losing streak, profiting from the January market surge. The Hedge Fund Intelligence Global Composite Index rose 1.27%. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) rising 5.02% for the month.

Event-driven funds were the best performers globally with a gain of 3.54% in January. This is the strategy’s best performing month in the history of the HedgeFund Intelligence database, which began collecting data in 1998 (the second best month was November 2004, when the Event Driven Index rose 3.25%).

Equity funds rose 2.37% in January, their best start to the year since 2006 when they were up 3.11%.

Despite a positive return, emerging market debt funds fell into last place globally, with an almost flat return of 0.30% in January.

In the U.S., all strategies were positive except commodities funds, which fell 1.28%. Corporate website: Source

(press release)
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