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From Precy Dumlao, Opalesque Asia:

Hedge fund assets rose an estimated +0.72% to $2.49tln as of end January this year despite a sloppy start, according to research firm HedgeFund.net. In terms of investor interest, January was a positive month, although performance across many funds caused some concerns. The industry underperformed the S&P 500 Total Return Index (S&P) which gained 2.37% during the month.

In its monthly report, HFN said a total of 3,348 hedge funds products submitted their performance reports as of February 28 and early indications point to mixed results as volatility has increased across many markets. However, despite a late month dip, the S&P continued to rise and it is likely that hedge funds will underperform the index again in February.

HFN also noted that the conflicts in northern Africa and the Middle East and the rising sovereign bond spreads of Portugal, Ireland, Spain and Greece are expected to boost many commodities specifically precious metals and oil, which reverted back to their pre-December upward direction...

A report by the Wall Street Journal showed that HFN's figure was higher compared to the January estimate given by hedge fund data provider Hedge Fund Research Inc., which placed hedge fund assets at $1.9tln during the same period.

The Journal added that ......................

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