Hedge funds start year with positive returns, says Eurekahedge

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 IndicesJanuary20122011
 2013*ReturnsReturns
Eurekahedge North American Hedge Fund Index2.197.470.231
Eurekahedge European Hedge Fund Index1.997.05-6
Eurekahedge Eastern Europe & Russia Hedge Fund Index7.676.77-20.55
Eurekahedge Japan Hedge Fund Index4.096.14-1.35
Eurekahedge Emerging Markets Hedge Fund Index1.7910.95-8.16
Eurekahedge Asia ex-Japan Hedge Fund Index5.0311.95-12.2
Eurekahedge Latin American Hedge Fund Index1.2910.551.92
Strategy IndicesJanuary20122011
 2013*ReturnsReturns
Eurekahedge Arbitrage0.216.781.4
Hedge Fund Index   
Eurekahedge CTA/Managed1.690.610.42
Futures Hedge Fund Index   
Eurekahedge Distressed Debt Hedge Fund Index3.4714.38-1.04
Eurekahedge Event Driven Hedge Fund Index1.889.57-4.39
Eurekahedge Fixed Income Hedge Fund Index110.570.66
Eurekahedge Long/Short Equities Hedge Fund Index2.777.88-6.73
Eurekahedge Macro Hedge Fund Index0.912.34-1.06
Eurekahedge Multi-Strategy Hedge Fund Index1.867.93-1.93
Eurekahedge Relative Value Hedge Fund Index1.1210.48-1.51
Mizuho-Eurekahedge IndicesJanuary20122011
 2013*ReturnsReturns
Mizuho-Eurekahedge Index – USD0.955.93-2.07
Mizuho-Eurekahedge TOP 100 Index – USD-0.756.41.87
Mizuho-Eurekahedge TOP 300 Index – USD-0.055.960.04

 

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