After ending 2010 with excellent results, the hedge fund industry took a breather in January and delivered a flat to slightly positive performance, according to Eurekahedge.
The Eurekahedge Hedge Fund Index was up 0.01% in January a month marked with mixed returns among underlying strategies. The MSCI World Index advanced 1.87% during the month.
Assets under management in global hedge funds crossed $1.67 trillion, while strong launch activity continued into 2011, with more than 30 hedge funds launched in January. Hedge funds witnessed the seventh consecutive month of positive returns, while funds investing in Japan and Eastern Europe & Russia delivered the best performances, up 1.36% and 2.37%, respectively.