All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in January 2007. The net-of-fees returns ranged from a high of 2.49% posted by the merger arbitrage index to a low of 0.52% earned by the equity market neutral index. Equity long/short and event-driven gained 2.23% and 1.91%, respectively, in January, while distressed securities and convertible arbitrage were up 1.72% and 0.68%, according to a press release.
Dow Jones Hedge Fund Universe Up In January
All of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net of fees gains in January 2007. The net of fees returns ranged from a high of 2.49% posted by the merger arbitrage index to
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