A quick look at the end-of-month returns for UCITS-compliant hedge funds, as reported by US-based Hedge Fund Research in its HFRX Index, shows that macro strategies have stuttered PARA_BREAK_SENTINEL_9f8e7d6c

A quick look at the end-of-month returns for UCITS-compliant hedge funds, as reported by US-based Hedge Fund Research in its HFRX Index, shows that macro strategies have stuttered this month. The HFRX Macro Index is down 0.12 per cent YTD, with the overall HFRX Global Hedge Fund Index up a modest 0.71 per cent. HFRX Relative Value Arbitrage Index leads the way, up 1.16 per cent as of January 26th, similar to December’s performance (+1.17 per cent) as funds continue to profit from price inefficiencies in the market. Close behind is the HRFX Event-Driven Index, up 1.06 per cent. A big monthly swing in performance is seen in the HFRX Equity Hedge Index this month: 0.38 per cent gains, falling way short of the 5.19 per cent gains recorded in December.