The HFRX indices moved into negative territory this week, with the Market Directional Index dropping -1.11.

Other key losses were recorded by the Equity Hedge Index (-0.69%) and the Event Driven Index (-0.55%).

HFRX Indices performance January 19 to January 25<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> 

HFRX Global Hedge Fund Index

-0.49%

HFRX Equally Weighted

-0.38%

HFRX Convertible Arbitrage Index

-0.50%

HFRX Distressed Securities Index

-0.38%

HFRX Equity Hedge Index

-0.69%

HFRX Equity Market Neutral Index

-0.06%

HFRX Event Driven Index

-0.55%

HFRX Macro Index

-0.51%

HFRX Merger Arbitrage Index

-0.27%

HFRX Relative Value Arbitrage Index

-0.11%

HFRX Absolute Return Index

-0.26%

HFRX Market Directional Index

-1.11%

HFRX Hedge Fund Indices are designed to be representative of the overall hedge fund universe and its major component strategies.