Hedge funds have entered 2011 with restrained
performance, as most strategies inched forward only slightly in
January. The HedgeFund Intelligence Global Composite Index,
which tracks nearly 4,000 single-manager hedge funds, produced
a median gain of 0.29% in January against a 2.26% rise in the
MSCI World Index (net).
Americas, Europe, Asia
Funds in the Americas rose 0.50% in January, against a
2.26% gain for the S&P 500 Index. European funds gained
0.11% against a 3.94% gain for the MSCI Europe Index (net).
Asian funds gained 0.33% against a decline of 0.36% for the
MSCI Pacific Free Index (net).
Event-driven hedge funds were the best performers globally,
gaining 0.75% in January.
Hedge fund performance this January is not out of line with
previous years. In 2010, the Global Composite Index was up
0.09%, easily beating a 3.7% decline in the S&P 500 Index.
With its 2.26% gain last month, the S&P 500 Index produced
its best January since its 2.55% rise in the first month of
The performance figures cited above and below
represent the median returns for the HFI Indices. These are
*early estimates* that were accurate as of 12pm GMT / 7am EST
today. For the latest performance figures, or to see the
average (mean) returns for these indices, please visit the
landing pages for each index (linked below):
Americas (AR Magazine Indices) Composite
Asia (AsiaHedge Indices) Composite
Europe (EuroHedge Indices) Composite
Funds of funds (InvestHedge Indices)
UCITS (Absolute UCITS Indices) Composite