HFM Week – Using the best December for a decade as a springboard, hopes for a strong 2011 were further buoyed by several bits of good news in early January.
The hedge fund portfolios of US endowments had enjoyed a boost in 2010 the annual Nacubo Commonfund study revealed, year-end launch data was looking healthy, while HFMWeek began the year with several headlines on increased hedge fund allocations at big pensions funds, including Heineken and Rabobank. However, violent swings in the commodities markets in the second week caused havoc for CTAs and, with Tunisian unrest marking the beginning of the Arab Spring, performance for the month ultimately proved modest – with the HFRI up 0.41%.
