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

CTAs Star in Bleak January for Hedge Fund Performance

By Michael S. Fischer

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

Hedge funds eked out a positive return in January, with CTAs on top, according to alternatives data provider Preqin.

The Preqin All-Strategies Hedge Fund benchmark picked up just seven basis points, following a challenging year in 2014.

For the 12 months to January, the benchmark was up 4.2%.

In an otherwise weak performance month, commodity trading advisors continued to ride the wave of solid returns they recorded in 2014, posting a 3.1% return in January and a 12-month rolling return of 14.7%.

Systematic CTAs were up 3.8%, dollar-denominated CTAs up 3.6%, euro-denominated ones up 2.1% and discretionary CTAs up 0.9%.

Hedge fund strategies posted these returns in January:

  • Macro +0.8%
  • Relative value +0.4%
  • Multi-strategy +0.4%
  • Credit +0.1%
  • Equity -0.1%
  • Event-driven strategies -1.1%

Funds of hedge funds reported their third consecutive winning month in January, up 0.4%, their first three-month run of positive returns since December 2013, according to Preqin.

Emerging markets funds lost 1.2% in January, their fifth consecutive monthly loss. These funds were down 3% over the previous six months, but still ahead by 3.5% for the year to January.

— Check out When Hedge Funds Get Hacked on ThinkAdvisor.

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.