Opalesque Industry Update: Hedge funds gained 2.84% in January, according to the Barclay Hedge Fund Index compiled by BarclayHedge.|
“Fiscal cliff fears receded, European banks strengthened, China avoided a hard landing, Japan stimulated its economy, and global equities rallied,” says Sol Waksman, founder and president of BarclayHedge.
“Economic sentiment continues to improve and investors have moved to ‘risk on’ mode as fears of a euro collapse diminish.”
The Barclay Pacific Rim Equities Index was up 5.23% in January, Equity Long Bias gained 4.13%, European Equities added 4.12%, Emerging Markets were up 3.66%, Healthcare & Biotechnology gained 3.55%, and the Equity Long/Short Index rose 2.85%.
The Barclay Fund of Funds Index gained 2.08% in January.
Sixteen of Barclay’s 18 hedge fund strategies began 2013 with a gain. On the losing side, Equity Short Bias dropped 8.06% in January and Merger Arbitrage lost 1.34%. Equity Short Bias suffered a record loss in 2012, giving up 24.18% for the year.