Returns from the Eurekahedge Hedge fund Index hit 1.98% during January as risk appetite returned and global markets gained.
Some 80% of hedge funds reported positive performance during the month, against an average through 2012 of 60%.
The best performing regions were Asia ex-Japan and Eastern Europe & Russia, which returned 5.03% and 7.67% respectively. Japanese hedge funds recorded their strongest January on record, Eurekahedge said.
The MSCI World index gained 4.66% through January by comparison.
Among strategies, it was distressed debt funds that performed best. Over the past six consecutive months this stratetegy has returned an average of 14%.
Equity long-short and event driven strategies also had a good month, with the former up 2.77% and the latter up 1.88% over the month.
CTA/managed futures funds did well, returning 1.69% through the month as captial moved from bonds into stocks and commodities markets, Eurekahedge said.
|Eurekahedge North American Hedge Fund Index||2.19||7.47||0.231|
|Eurekahedge European Hedge Fund Index||1.99||7.05||-6|
|Eurekahedge Eastern Europe & Russia Hedge Fund Index||7.67||6.77||-20.55|
|Eurekahedge Japan Hedge Fund Index||4.09||6.14||-1.35|
|Eurekahedge Emerging Markets Hedge Fund Index||1.79||10.95||-8.16|
|Eurekahedge Asia ex-Japan Hedge Fund Index||5.03||11.95||-12.2|
|Eurekahedge Latin American Hedge Fund Index||1.29||10.55||1.92|
|Hedge Fund Index|
|Futures Hedge Fund Index|
|Eurekahedge Distressed Debt Hedge Fund Index||3.47||14.38||-1.04|
|Eurekahedge Event Driven Hedge Fund Index||1.88||9.57||-4.39|
|Eurekahedge Fixed Income Hedge Fund Index||1||10.57||0.66|
|Eurekahedge Long/Short Equities Hedge Fund Index||2.77||7.88||-6.73|
|Eurekahedge Macro Hedge Fund Index||0.91||2.34||-1.06|
|Eurekahedge Multi-Strategy Hedge Fund Index||1.86||7.93||-1.93|
|Eurekahedge Relative Value Hedge Fund Index||1.12||10.48||-1.51|
|Mizuho-Eurekahedge Index - USD||0.95||5.93||-2.07|
|Mizuho-Eurekahedge TOP 100 Index - USD||-0.75||6.4||1.87|
|Mizuho-Eurekahedge TOP 300 Index - USD||-0.05||5.96||0.04|
Alternative Investments latest
Today on Investment Europe
Social Responsible Investing (SRI) is gaining ground across the European asset management industry, but Italy's is still weighted to the retail investor.
Henderson Global Investors has won the Group of the Year category at the InvestmentEurope Fund Manager of the Year Awards, with Polar Capital taking Specialist Group of the Year.
InvestmentEurope's Pension Fund Forum is taking place today, 21 November, in Zurich - offering a programme of individual speakers and panel discussion throughout the day.