eVestment: Hedge Funds Up In January
Hedge fund performance continued its positive performance in January 2018 with average returns of +2.59%, the industry’s best monthly return since March 2016 according to eVestment’s January 2018 Hedge Fund Performance report. Returns were the most broadly positive in nearly four years, with 81% of reporting hedge funds posting positive returns in for the month.
Other interesting points in the report include:
• Macro hedge funds posted gains reminiscent of pre-Financial Crisis levels, with returns of +3.34% in January.
• Managed futures reported their highest returns since early 2008, with nearly 90% of showing positive numbers in January and average gains near 6%.
• Emerging markets funds continue to outperform their developed market counterparts, posting returns of +4.22% as opposed to developed markets’ +1.97%.