Deephaven bests rivals


Statistical arbitrage funds continued to struggle, but some did better than others. The Deephaven Market Neutral Fund posted a 2.07% gain for January, faring better than many in the category and bringing the fund's 12-month return to 14.61%. Funds that did better in January were apparently making the most of an often shallow tide of intra-day market volatility for the month, while using risk controls to lock in hard won gains where they could be found. The Discovery Stat fund notched a 1.89% gain, bringing its 12-month return to 6.63%.