FTSE Hedge Index Climbs 2.12% In January

The FTSE Hedge Global Index continued its upward climb in January, posting gains of 2.12% in US dollar terms. It was the third month in a row the index produced returns greater than 1%, bringing the last rolling quarter's cumulative

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The FTSE Hedge Global Index continued its upward climb in January, posting gains of 2.12% in US dollar terms.

It was the third month in a row the index produced returns greater than 1%, bringing the last rolling quarter’s cumulative return to 4.84% or 20.60% when annualized.

“Increased asset volatility and growing uncertainties over interest rates, currencies and commodity prices work together to create an environment of greater inefficiency, which is proving to be fertile ground for hedge fund managers”, said Simon Hookway CEO of MSS Capital Limited

The biggest contributors to January’s positive performance were the directional style with returns of 2.99%, event driven style with gains of 1.90%, largely due to the strong performance of managers in the global macro 4.94%, equity hedge 3.00% and merger arbitrage 1.91% strategies.

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