The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07 per cent for the month of January, with nine of the 10 sub-strategies recording gains.

Long/short equity led the way with a return of 3.54 per cent for the month followed by emerging markets (3.45 per cent), managed futures (2.67 per cent) and event driven (2.15 per cent).

Dedicated short bias was the only sub-strategy to finish the month in negative territory with a return of -5.22 per cent.

The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in January: NWI Explorer Global Master Fund, NWI Emerging Market Fixed Income Master Fund, Spinner Global Technology Fund, Tiedemann/Ayer Asia, Trafelet US Delta Fund and The Pioneer Long/Short European Equity Fund.

The following funds were added to the Dow Jones Credit Suisse Hedge Fund Index in January: NB Greater China Long/Short Equity Fund, Brevan Howard Credit Catalysts Fund, Schroder GAIA CQS Credit, Field Street Master Fund and AG Mortgage Value Partners.