The Eurekahedge Hedge Fund Index was up 2.32% in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36% during January.

Throughout 2018, hedge fund managers posted losses of 4.08%, outperforming the global equity market which slumped 10.18% over the year, the Eurekahedge report said.

The MSCI AC World Inde