Funds of Hedge Funds Performance

Global multi-strategy flat in a difficult month for hedge funds


January was a tricky month for hedge funds as market confidence faltered, thanks in part to revelations about the size of the Greek fiscal deficit. The global multi-strategy median was effectively flat at 0.02%, but, despite this, portfolios were positioned for a global recovery.

Dorchester Capital Partners Select Opportunities had a good January with a gain of 2.48%, leaving the fund up 7.56% over three months, while SSARIS Multi-Manager Absolute Return Strategy was up 1.39%, taking three-month gains to 3.87%.

Gottex Market Neutral Plus Fund was up 1.14% to leave three-month figures at 2.85% and Pine Grove Offshore gained 1.03%