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BarclayHedge: Hedge Funds Begin 2020 On A Positive Note

The Barclay Hedge Fund Index advanced +0.98% in January to begin 2021 in the green. Gainers outnumbered losers in January among the sectors tracked in the Barclay Hedge Fund Indices, despite challenging news on both the economic and the COVID-19 pandemic fronts during the month.

“Most hedge funds sectors performed solidly during a complicated month,” said Sol Waksman, president of BarclayHedge. “Equity markets reached record highs before tailing off late in the month with the S&P 500 experiencing its worst week since October. Meanwhile, COVID cases surged once again, leading to a U.K. lockdown and a downturn in U.S. employment. Despite the negatives, the hedge fund industry managed to produce a positive month in January.”

Setting the pace among January’s gainers was the Healthcare & Biotechnology Index, up +3.90%. The Merger Arbitrage Index returned +3.65%, the Emerging Markets Asian Equities Index gained +3.46%, the Emerging Markets Sub Saharan Africa Index returned +2.41%, and the Convertible Arbitrage Index advanced +2.36%.

Sectors in the red for January included the Emerging Markets Latin American Equities Index, down -2.48%, the Volatility Trading Index, giving up -1.06%, the Emerging Markets MENA Index, losing -0.92%, the Global Macro Index, off -0.54%, and the Fund of Funds Index, retreating -0.46%.

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