Opalesque Industry Update - The Greenwich Global Hedge Fund Index ended the month of January down -0.73%. The month saw different performance results for stocks versus bonds. Global equity markets dropped over doubts about the stability of some emerging market currencies but credit markets improved from a flight to quality. Equity markets as measured by the S&P500 were down -3.46%, the MSCI World, down -3.77% and the MSCI Emerging Markets Index, down -6.60% in January, 2014. Credit markets as measured by the Barclay Aggregate Index were up 1.48%.|
Global Hedge Fund Index Strategy Highlights
- Short-Biased equity funds were the best performing strategy in January posting a gain of +3.04%.