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Komfie Manalo, Opalesque Asia: As predicted, the hedge funds space has maintained its growth momentum with the HFRX Global Hedge Fund Index and the HFRX Market Directional Index posting gains of +1.88% and +2.01%, respectively through mid-January.
In its first report this year, data tracker Hedge Fund Research said that the global financial markets started the year with significant gains across sectors and geographies as U.S. and European economic indicators continued to strengthen and the labor market tightened. US sector gains were led by energy, semiconductors & healthcare, while emerging market equities also experienced gains.
The report said, "European interest rates modestly declined as US rates were little changed while the U.S. dollar declined against other currencies. Cryptocurrencies experienced sharp declines following record levels the prior month and commodities posted gains through mid-month led by platinum, natural gas, oil, and lumber."
The HFRX Macro/CTA Index gained +3.01% during the period from systematic trend-following and fixed income managers. The HFRX Macro Systematic Index gained +4.17% through mid-month as equities extended prior month gains and the US dollar declined against other currencies; commodities were mixed with gains in energy, platinum, lumber and rubber and declines in sugar, coffee, aluminum, and copper.
The HFRX Equity...................... To view our full article Click here
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