With additional funds reporting, the Absolute Return Indices
continue to tell a tale of a widespread loses in January.
The Absolute Return Composite Index fell an estimated 0.64%,
with many Equity hedge funds suffering particularly badly.
Gloomy economic data released throughout the month all pointed
towards a recession in the U.S., causing steep stock market
As a result, the Absolute Return U.S. Equity, Technology and
Global Equity Indices were down 2.00%, 4.04% and 4.30%,
respectively. The Absolute Return Distressed and Event Driven
Indices also suffered this month, losing 2.65% and 2.87%,
Overall, the Absolute Return Composite Index has gained only
1.72% in the last 6 months, while during the same period the
U.S. Equity Index rose 0.97% and the Global Equities Index
actually lost 0.73%.
January was not all bad news. Four of the Absolute