Hedge funds gain 0.29% in January

By Josh Friedlander

Mon Feb 7, 2011

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Event-driven hedge funds were the best performers globally. Full index stats now live from HedgeFund Intelligence.


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 2006.

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):

Global Composite
0.29%

Americas (AR Magazine Indices) Composite
0.50%

Asia (AsiaHedge Indices) Composite
0.33%

Europe (EuroHedge Indices) Composite
0.11%

Funds of funds (InvestHedge Indices) Composite
-0.23

UCITS (Absolute UCITS Indices) Composite
0.77%