Hedge funds are off to a good start, with over three quarters posting positive returns in January this year, according to data from fund administrator Citco.
In its monthly hedge fund update, Citco showed that hedge funds under its administration achieved a weighted average return of 3.6%, and most strategies saw positive performance.
The report further revealed that event-driven hedge funds performed the best, followed by multi-strategy, equities and fixed income.
All assets under administration categories also saw positive returns, with bigger funds outperforming smaller ones.
However, commodities funds witnessed a negative performance in the first month of this year, which stood at -0.3%.
Region-wise, all regions saw net inflows in January, totalling $1.3 billion for Europe, $0.9 billion for Asia, and $0.1 billion for the Americas.
Citco indicated that market volatility, which remained broadly steady for much of the second half of the last year, fell to its lowest level in January since November 2021.
© 2023 funds europe
