19 Feb 2010
The Credit Suisse/Tremont Hedge Fund Index gained 0.17% in January as hedge funds posted positive performance despite market reversals.
A new monthly commentary offers insight into January hedge fund performance. Some key findings from the report include:
· January was a positive month for Fixed Income Arbitrage, with most strategies generating positive performance amid a fall in risky assets in the second half of the month
· Event Driven managers produced generally positive returns, largely driven by gains from credit positions and hedging strategies that mitigated equity losses
· Event Driven managers were also supported by on-going technical conditions as credit markets held steady in January despite weakness in equities and both the CS Leveraged Loan and High Yield Index sustained gains of 1.81% and 1.27%, respectively
· Despite slightly negative performance for the overall Emerging Markets sector, Emerging Europe-focused managers experienced gains with the MSCI EM Eastern Europe Index finishing the month up +1.8%
A new monthly commentary offers insight into January hedge fund performance. Some key findings from the report include:
· January was a positive month for Fixed Income Arbitrage, with most strategies generating positive performance amid a fall in risky assets in the second half of the month
· Event Driven managers produced generally positive returns, largely driven by gains from credit positions and hedging strategies that mitigated equity losses
· Event Driven managers were also supported by on-going technical conditions as credit markets held steady in January despite weakness in equities and both the CS Leveraged Loan and High Yield Index sustained gains of 1.81% and 1.27%, respectively
· Despite slightly negative performance for the overall Emerging Markets sector, Emerging Europe-focused managers experienced gains with the MSCI EM Eastern Europe Index finishing the month up +1.8%
