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Opalesque Industry Update - Hedge funds started 2021 strongly outperforming the global equity market amidst the turbulence in retail trading resulting in a risk-off environment, said Eurekahedge. Hedge fund managers returned 1.00% in January 2021, outperforming the global equity market as measured by the MSCI ACWI (Local) which returned 0.11%. The retail trading mania caused by a group of retail traders that tried to squeeze the positions of large hedge funds led to a huge spike in market volatility, exerting pressure on the market risk sentiment throughout the latter half of the month, dampening global equity market performance. Returns were mostly positive across geographic mandates, with Asian fund managers outperforming their peers with a 2.32% return in January. Approximately 60.0% of the hedge fund managers tracked by Eurekahedge have generated positive returns in January.
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