Hedge funds off to a weak 2020 start as COVID-19 outbreak weighs on global growth outlook
Hedge fund managers returned 0.07 per cent in January 2020, recording their weakest January since 2016, according to data released by Eurekahedge.
The escalation of the COVID-19 outbreak which originated in China exerted pressure on the market risk sentiment throughout the latter half of the month, pushing the global equity market into negative territory.
Returns were mixed across geographic mandates, with Asian fund managers bearing the brunt of the equity market sell-off, losing 0.56 per cent in January. Approximately 57.7 per cent of the hedge fund managers tracked by Eurekahedge have generated positive returns in January.