Equities suffered badly in January, updated returns show


With additional funds reporting, the Absolute Return Indices continue to tell a tale of a widespread loses in January.

The Absolute Return Composite Index fell an estimated 0.64%, with many Equity hedge funds suffering particularly badly. Gloomy economic data released throughout the month all pointed towards a recession in the U.S., causing steep stock market declines.

As a result, the Absolute Return U.S. Equity, Technology and Global Equity Indices were down 2.00%, 4.04% and 4.30%, respectively. The Absolute Return Distressed and Event Driven Indices also suffered this month, losing 2.65% and 2.87%, respectively.

Overall, the Absolute Return Composite Index