(Bloomberg) Hedge funds recorded their strongest monthly gains in more than seven years in January, before turmoil shook global markets this month. Funds gained an average 2.7 percent last month on an asset-weighted basis, according to Hedge Fund Research. That’s the best performance since December 2010. Macro hedge funds led the group, followed by equity strategies. The January returns could be overshadowed by this month’s shakeout, that has seen stocks from the U.S. to Asia plunge, rebound then fall anew, while bonds and currencies have also fluctuated wildly. That could help funds that thrive on volatility, while investors who have taken bullish positions may be hurt.
Hedge Funds Had Best Returns in Seven Years Before Turmoil
This entry was posted in Syndicated. Bookmark the permalink.