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.