Performance

Stock-pickers lead the way in buoyant January as markets fly

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Long-biased equity stock-pickers led the way in January as European hedge funds staged a powerful start to 2012, with all strategies showing positive returns against a backdrop of buoyant and bullish equity markets and with several funds posting remarkable numbers.

With January performance numbers now in from around 80% of the funds reporting to the EuroHedge database, the EuroHedge Composite Index is showing a median return for the month of 1.4% - marking a welcome recovery from the disappointing performance of 2011.

The medians for convertible arbitrage, event-driven and global equity are all showing returns of 3% on