Hedge Funds January 2011
Hedge Funds Lagged Behind Stock Indexes in January
Hedge funds worldwide were little changed in January, returning 0.01 percent and underperforming global equities as losses in some emerging markets limited gains, according to Eurekahedge Pte.
Last month’s return follows a 10.9 percent gain in the Eurekahedge Hedge Fund Index, which tracks more than 2,600 funds worldwide, in 2010, the Singapore-based data provider said in an e-mailed report. The index rose 2.9 percent in December. More than 30 hedge funds started in January, the firm said, without elaborating.
Hedge funds had a seventh consecutive month of positive returns, helped by better-than-expected earnings, a stronger outlook for the U.S. economy and easing concerns over the European sovereign crisis, Eurekahedge said. Last month’s gain compares with a 2.2 percent advance by the MSCI World Index.