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|