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Hedge funds start year with positive returns, says Eurekahedge

  • By: Jonathan Boyd
  • 07 Feb 2013
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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. 

Regional Indices January 2012 2011
  2013* Returns Returns
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
Strategy Indices January 2012 2011
  2013* Returns Returns
Eurekahedge Arbitrage 0.21 6.78 1.4
Hedge Fund Index      
Eurekahedge CTA/Managed 1.69 0.61 0.42
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 Indices January 2012 2011
  2013* Returns Returns
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

 

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