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Komfie Manalo, Opalesque Asia:

Hedge funds continued their winning streak last month with the HFRX Global Hedge Fund Index gaining +2.45% in January, its largest monthly performance since May 2009 and matching the second largest January performance of 2006, data provider Hedge Fund Research said.

The first month of 2018 saw the global financial markets surging with strong gains across equities and commodities as U.S. interest rates increased while the US dollar fell. U.S. equity gains were led by technology, energy and financials, while equities in China, France, Italy, Brazil, Russia, and India also surged.

"Oil led commodity gains for the month, while platinum and wheat also gained. U.S. yields increased into month end, while the U.S. dollar declined against the British pound, euro, Swiss franc and Japanese yen," HFR said in its latest report.

Commodities provide mixed gains

HFRX Macro/CTA Index posted a gain of +3.80% for January, its largest monthly performance since February 2008, from gains in systematic trend-following and fixed income managers. The HFRX Macro Systematic Index gained +4.73% for the month, its largest monthly performance since July 2011, as most equity markets posted gains and the U.S. dollar declined against other currencies; commodities were mixed wi......................

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