Hedge fund index performance was mostly positive — barely — in January after months of negative returns.
The best performer of major hedge fund indexes was the Hennessee Hedge Fund index, which was up 1.1% in January. The Eurekahedge Hedge Fund index was up 0.48%, while the HFRI Fund Weighted Composite index was 0.39% for the month.
Only the Barclay Hedge Fund index was down, with -0.26%. The HFN Hedge Fund Aggregate Average return was up 0.2%.
Hedge fund-of-funds indexes were positive in January, with the HFRI Fund of Funds Composite index up 0.98%, the Barclay Fund of Funds index up 0.96% and the Eurekahedge Fund of Funds index up 0.91%.
Hedge fund and fund-of-funds indexes all outperformed the -8.42% January return of the S&P 500 index. The Barclay Aggregate Bond index was -0.88% for the month.
