The Credit Suisse/Tremont Hedge Fund Index gained 0.17 per cent in January as hedge funds posted positive performance despite market reversals.

The best performing strategy in January was fixed income arbitrage (2.02 per cent) with managers finding a number of opportunities in the credit markets, which as a rule became uncorrelated to equity markets with several sectors showing positive performance.

Event driven managers produced generally positive returns (1.42 per cent), largely driven by gains from credit positions and hedging strategies that mitigated equity losses.

Event driven managers were also supported by ongoing 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 per cent and 1.27 per cent, 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 per cent.


Subscribe to free daily newsletter
Furtherreading
from our other sites
latestjobs
VP/SVP Credit Quant- NY- Investment Bank

Sun, 28 Dec 2014 00:00:00 GMT

Quantitative Research | Equity | New York

Sat, 27 Dec 2014 00:00:00 GMT

SVP Model Validation

Sat, 27 Dec 2014 00:00:00 GMT

events
2 weeks 18 hours from now - New Orleans
3 weeks 2 days from now - Boston
3 weeks 2 days from now - New York
3 weeks 6 days from now - New York
specialreports