Opalesque Industry Update - Hedge funds were down 0.44% in January, outperforming underlying markets as the MSCI World Index declined 3.74% during the month with global markets off to a bumpy start in 2014. Key takeaways for the month of January 2014:
· Hedge funds surpassed the MSCI World Index by over 3% - the largest outperformance of hedge funds in 20 months; almost 90% of fund managers outperformed underlying markets
Regional Indices Hedge funds focused on developed economies delivered positive returns during the month, led by North American fund managers who were up 0.37% - outperforming the MSCI North America Index which declined 3.32% during the month. Japanese fund managers posted their fifth consecutive month of positive returns with the Eurekahedge Japan Hedge Fund Index up 0.31%, outperforming the Nikkei 225 Index which was down 8.45% as the yen strengthened 2.95% against the US dollar during the month. European hedge fund managers were up 0.21% beating underlying markets as the MSCI Europe Index was down 2.06% in January. Eastern Europe and Russia focused hedge funds were the worst performers and declined by 4.45%, followed by Latin American and emerging markets focused hedge funds which were down 1.95% and 1.79% respectively. Greater China investing hedge funds ended their six month winning streak reporting losses for the month of January - down 1.29% though outperforming underlying markets as the CSI 300 Index declined 5.48% during the month.
Strategy Indices Eurekahedge indices are available for download from here and are updated with the latest fund returns at 23:30 GMT every day. Press release Bg |
Industry Updates
Hedge funds down 0.44% in January, beat markets by more than 3%
Tuesday, February 11, 2014
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