Hedge Funds gained 2.11 per cent in January according to the Barclay Hedge Fund Index compiled by BarclayHedge.
The longest consecutive streak of profitable months for the Barclay Hedge Fund Index was the 18-month period from October 2002 through March of 2004. The current 15-month winning streak has produced a gain of 14.9 per cent for the Index versus 25.7 per cent during the record 18-month streak.
“Long equity positions were a major contributor to fund profits in January as earnings of US companies exceeded expectations,” says Sol Waksman (pictured), founder and president of BarclayHedge.
The Healthcare & Biotechnology Index jumped 3.96 per cent in January, Technology gained 3.62 per cent, the Emerging Markets Index was up 3.44 per cent, Global Macro gained 3.39 per cent, and Equity Long Bias added 2.95 per cent.
All 17 Barclay hedge fund indices started the year in positive territory, building on their year-end gains for 2017. The Barclay Hedge Fund Index was up 10.45 per cent in 2017.
The Barclay Fund of Funds Index gained 2.07 per cent in January, following a positive return of 6.00 per cent in 2017.
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