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BarclayHedge Sees Hedge Funds Begin 2020 In The Red

Backstop Solutions' BarclayHedge division saw the average hedge fund performance in January come in at -0.18%, stopping a four month winning run.

“January was a challenging month for investors, marked as it was by the impact of U.S.-Iran tensions at the start of the month and the beginning of the spread of the coronavirus later in January,” said Sol Waksman, president of BarclayHedge. “Those events offset the potential market benefits of a U.S.-China phase one trade deal and U.S. stocks hitting record highs mid-month.”

Among hedge fund sectors, the picture was mixed in January, with only 15 of BarclayHedge’s 31 indices in the black for the month. The Emerging Markets Eastern Europe Index led the way with a +2.88% return. Other January gainers included the Emerging Markets Eastern European Equities Index, up +2.34%, the Technology Index, returning +1.94%, the Convertible Arbitrage Index, gaining +1.11%, and the Event Driven index, up +0.64%. Conversely, sectors in the red for January included the European Equities Index, down 2.38%, the Equity Long/Short Index, off 1.31%.


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