Hedge Funds Performance

Hedge funds gain 0.29% in January

by Josh Friedlander

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