Hedge funds gain 1.27% in January

By Josh Friedlander

Tue Feb 7, 2012

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Event-driven funds had their best month since 1998. Full index stats and benchmarks for January hedge fund performance are now live from HedgeFund Intelligence.

Hedge funds ended a two-month losing streak, profiting from the January market surge. The Hedge Fund Intelligence Global Composite Index rose 1.27%. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) rising 5.02% for the month.

Event-driven funds were the best performers globally with a gain of 3.54% in January. This is the strategy’s best performing month in the history of the HedgeFund Intelligence database, which began collecting data in 1998 (the second best month was November 2004, when the Event Driven Index rose 3.25%).

Equity funds rose 2.37% in January, their best start to the year since 2006 when they were up 3.11%.

Despite a positive return, emerging market debt funds fell into last place globally, with an almost flat return of 0.30% in January.

In the U.S., all strategies were positive except commodities funds, which fell 1.28%.

HedgeFund Intelligence Indices

Median Hedge Fund Returns by region

Region Database
(click for full stats)
Asia AsiaHedge 1.60% 1.60%
Europe EuroHedge 1.03% 1.03%
U.S. AR 1.56% 1.56%
UCITS Absolute UCITS 0.92% 0.92%
Funds of Funds InvestHedge 1.91% 1.91%
Global Composite HedgeFund Intelligence 1.27% 1.27%

Global Benchmarks

Index January YTD
MSCI World Index 5.02% 5.02%
Dow Jones Industrial Average 3.40%
S&P 500*
4.48% 4.48%
NASDAQ Composite 8.01% 8.01%
MSCI Europe Index 3.43% 3.43%
MSCI Pacific Free Index 6.47% 6.47%
Barclays High Yield Credit Bond Index 3.04%
Barclays Aggregate Bond Index 0.88% 0.88%
* total return

About HedgeFund Intelligence

HedgeFund Intelligence is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedge, EuroHedge, InvestHedge, AR and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund indices that are the industry's most accurate benchmarks. Our frequent special reports include in-depth analyses of various regions and sectors. Our conferences are renowned for the quality of the speakers and programming, and our objectively-determined annual awards are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

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