Middle East tensions and rising inflation contribute to funds of funds’ wary mood

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Despite a rally in developed markets during the month, with the S&P up 2.26%, funds of funds began the year with a lacklustre 0.35% return in January.

With political tensions spreading in the Middle East and fears over rising inflation in many countries threatening the global recovery, most are in wary mood.

Headstart Fund of Funds was up 2.21% on the month, taking three-month figures to a relatively robust 8.16%, while Persistent Edge Global Partners was up 1.9% for January to leave three-month numbers at 4.65%. Private Advisors Stable Value was up 1.55% to take three-month figures to