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Komfie Manalo, Opalesque Asia:

The inauguration of Donald Trump as the new U.S. president also signaled strong gains for hedge funds, with equity hedge strategies - the largest area of hedge fund industry investor capital - leading the performance, data from Hedge Fund Research showed.

The HFRI Fund Weighted Composite Index (FWC) gained 1.2% in January, the strongest beginning to a calendar year since the 2.5% return to begin 2013. The gains extend the record Index Value to 13,023 and tops the return of the Dow Jones Industrial Average (DJIA), as well as most European equity markets over the same period.

"Hedge funds produced gains to begin the new year, as global equity markets posted mixed performance and the US dollar declined with financial markets focused on new policies of the Trump administration regarding strategic impact on immigration, trade, manufacturing, national security, market regulation and infrastructure," stated Kenneth J. Heinz, President of HFR.

Equity hedge strategies are the top gainers last month

Equity hedge (EH) strategies led industry performance to begin 2017, with the HFRI Equity Hedge (Total) Index up 2.1%, led by strong contributions from growth, technology and healthcare sub-strategies. The January gain marks the strongest start to a calendar year for EH since gaining 3.3% to begin 2013 and is in stark contrast to the sharp decline......................

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