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  1. Wealth
February 18, 2009

Hedge funds enter positive territory in January

By Spear's

Hedge funds moved back to positive territory during January, according to the Credit Suisse/Tremont Hedge Fund Index. Overall, the index generated a return of 1.09 percent during the month.

Hedge funds moved back to positive territory during January, according to the Credit Suisse/Tremont Hedge Fund Index. Overall, the index generated a return of 1.09 percent during the month. Most sub-indices posted positive returns.

Nonetheless, the index is still 16.96 percent lower than a year ago. Some strategies such as equity market neutral (-40.05 percent), fixed income arbitrage (-28.68 percent), emerging markets (-28.60 percent) and convertible arbitrage (-27.30 percent) fell much further. Indeed at the end of January only the managed futures (13.01 percent) and dedicated short bias (12.70 percent) sub-indices were higher than a year earlier.

During January, convertible arbitrage (5.72 percent), dedicated short bias (3.69 percent) multi-strategy (3.35 percent) and global macro (2.33 percent) produced the best returns.

For further details, visit thewealthnet

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