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Alternative Market Briefing

Equity hedge funds up +5.97% in January in contrast to the -6.96% returns of 2018

Tuesday, February 12, 2019

Laxman Pai, Opalesque Asia:

Global hedge funds started off strong in January 2019 with big winners like Equity funds, EM Funds, said eVestment's January 2019 hedge fund performance data.

"Global hedge funds, which ended a challenging 2018 with an industry aggregate return of -5.05%, started off strong in January, with an industry return just shy of +4%," it said.

The industry's overall +3.91% return in January reversed a trend of five consecutive months of negative industry returns and the average gain was the largest in a month since May 2009 when the average return was +5.14%.

Funds with exposure to the BRIC countries - minus India - were among the big winners in January. Funds focused on Brazil returned +10.70% last month, funds focused on China returned +7.07% and funds focused on Russia returned +6.44%.

These funds have a long way to go to make up for their negative returns in 2018 (as low as -16.64% for China-focused funds in 2018), but the positive returns are likely to be welcomed by investors in these funds. India-focused funds were in the red for January, continuing their negative return trend from 2018.

Equity funds were big winners in January

Among primary fund markets, Equity funds returned +5.44% in January, a marked contrast to the -7.53% returns with which these funds ended 2018.

And among primary strategies, Long/Short Equity strategies returned +5.97% in January, also a marked turnaround from these funds' -6.9......................

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