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Dow Jones Credit Suisse comments on Hedge Fund Index's January performance (2.07%)

Thursday, February 21, 2013
Opalesque Industry Update - The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07% in January 2013. A new monthly commentary offers insight into hedge fund performance through the month of January. Some key findings from the report include:

  • Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.07%, with 9 out of 10 strategies in positive territory;
  • In total, the industry saw estimated outflows of approximately $9.3 billion in January, bringing overall assets under management for the industry to approximately $1.78 trillion;
  • The Multi-Strategy and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in January equal to 0.78% and 0.19% of the December 2012 levels, respectively;
  • Event Driven funds sustained positive performance in January from a combination of situation specific events and broad based market rally. Contributors for the month were both credit and equity asset classes, which drove performance for long holdings; and
  • Long/Short Equity funds produced positive returns in January. Managers with exposure to Healthcare benefited from long positions in companies that announced positive earnings, merger speculation and private equity interest.
Press release

www.hedgeindex.com

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