The Credit Suisse Hedge Fund Index finished down 0.29 per cent for the month of January, despite half of the ten sub-strategies recording positive returns.
Convertible arbitrage led the way with a return of 2.09 per cent, followed by multi-strategy (0.81 per cent), fixed income arbitrage (1.00 per cent), event driven (0.29 per cent), and equity market neutral (0.08 per cent).
Managed futures was the month’s biggest loser, down -3.42 per cent, while emerging markets (-2.27 per cent), dedicated short bias (-1.09 per cent), global macro (-1.05 per cent), and long/short equity (-0.08 per cent) also finished the month in negative territory.
The following funds were dropped from the Credit Suisse Hedge Fund Index in January: Amida Partners Special Opportunity Master Fund, Denholm Hall Russia Arbitrage Fund (Class B), Highbridge Statistical Arbitrage, Platinum Grove Contingent Capital Fund, QFS Currency Program, Criterion Partners, and Roy G. Niederhoffer Negative Correlation Fund Ltd.
The following funds were added to the Credit Suisse Hedge Fund Index in January: Aphilion, Polunin Capital Partners Emerging Markets Active Fund, Candlewood Structured Credit Fund, Southpaw Credit Opportunity Master Fund LP, CCP Core Macro Fund, Schroder GAIA Sirios US Equity, Horseman European Select Fund, Tyrian Global Opportunities Fund, AQR Managed Futures, and SEB Fund 1 - SEB Asset Selection Fund.