Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Alternative Investments > Hedge Funds

S&P Hedge Fund Index Returns 1.12% in January

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NEW YORK (HedgeWorld.com)-January was a good month for hedge funds in the Standard & Poor’s Hedge Fund Index, which returned 1.12%.

The S&P Event Driven Index, which contains merger arbitrage, distressed and special situations strategies, did well with a return of 1.45% in January and was a strong performer in 2003 with a return of 16.4%.

The S&P Arbitrage Index, which includes equity market neutral, fixed-income arb and convertible arb strategies, returned 1.14% in January after posing a meager return of 1.6% in the entire year of 2003.

Global macro, long/short equity and futures fund strategies, which make up the S&P Directional/Tactical Index, returned 0.78% in January and 15.29% in 2003.

The S&P Managed Futures Index, which is separate from but related to the hedge fund indexes, returned 1.56% in January and 8.85% in 2003.

The hedge fund returns lagged the U.S. stock market in January, with the S&P 500 Index returning 1.73% in January.

[email protected]

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.