Hedge Funds Climbed 0.2% in January# Stock
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Hedge Funds Climbed 0.2% in January on Best Start for Equities in 18 Years
Hedge funds gained 0.2 percent in January as equities around the world had
the best start in 18 years after U.S. economic growth showed signs of
accelerating and European leaders moved closer to a solution for the region
’s debt crisis.
The Bloomberg aggregate hedge fund index increased to 114.63 from 114.36 in
December as long-short equity, global macro and multistrategy funds all
climbed. Hedge funds fell 4.9 percent last year as concerns grew that Europe
’s debt crisis couldn’t be contained and stocks experienced sharp price
swings.
“We’re extremely pleased with how the portfolio’s been performing in 2012
to date,” said John Bailey, founder and chief executive officer of Spruce
Private Investors LLC, whose Stamford, Connecticut-based firm advises
investors holding about $3 billion of assets. “Investors will be looking
for some measure of value added in hedge funds in 2012.”
The MSCI All-Country World Index rose 5.8 percent including dividends in
January, the most since it climbed 6.5 percent at the start of 1994,
according to data compiled by Bloomberg. American unemployment and Chinese
inflation declined during the month, German investor confidence jumped and
the U.S. Federal Reserve pledged to keep interest rates near zero percent
through 2014.
Hedge funds gained 0.2 percent in January as equities around the world had
the best start in 18 years after U.S. economic growth showed signs of
accelerating and European leaders moved closer to a solution for the region
’s debt crisis.
The Bloomberg aggregate hedge fund index increased to 114.63 from 114.36 in
December as long-short equity, global macro and multistrategy funds all
climbed. Hedge funds fell 4.9 percent last year as concerns grew that Europe
’s debt crisis couldn’t be contained and stocks experienced sharp price
swings.
“We’re extremely pleased with how the portfolio’s been performing in 2012
to date,” said John Bailey, founder and chief executive officer of Spruce
Private Investors LLC, whose Stamford, Connecticut-based firm advises
investors holding about $3 billion of assets. “Investors will be looking
for some measure of value added in hedge funds in 2012.”
The MSCI All-Country World Index rose 5.8 percent including dividends in
January, the most since it climbed 6.5 percent at the start of 1994,
according to data compiled by Bloomberg. American unemployment and Chinese
inflation declined during the month, German investor confidence jumped and
the U.S. Federal Reserve pledged to keep interest rates near zero percent
through 2014.
