Hedge funds ended January with nearly flat performance, rising 0.09% for the month. After years of being maligned for falling behind high-flying equities, January was a reminder that hedge funds can offer outperformance when markets do something other than rise.
The slight composite return meant many funds were well ahead of the the S&P 500 and MSCI World indices, which dropped a respective 3.46% and 3.70%.
Commodities funds rose the most, up an estimated 1.39% for the month, though only a small number of funds in that strategy have yet reported their performance, so the final result may differ. This would be the first positive start to the year since 2009. It would also be the second month of positive performance for the index, which had been down from September through November.
Latin American funds had a particularly troublesome start to the year, with the strategy down 5.30%. This is not only the worst January for the Latin American Equity Index, but also its worst return since October 2008 when the median fund fell 6.68%.
Note: These indices were accurate as of February 11, and are subject to change. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.
HedgeFund Intelligence Indices
Median hedge fund returns by region
Absolute Return Indices (Americas hedge funds)
* total return
|MSCI World Index||-3.70%||-3.70%|
|Dow Jones Industrial Average||-5.30%||-5.30%|
|MSCI Europe Index||-2.25%||-2.25%|
|MSCI Pacific Free Index||-4.47%||-4.47%|
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