New York (HedgeCo.net) – While the overall market fell sharply in January, the short-only models at our affiliate HedgeCoVest turned in some strong performances. While seeing short-only models thrive during a bearish move in the market is what you would expect, some of the returns turned in by the models were impressive.

There are nine short-only models on the platform and all of them gained at least 5%
during January and the average return for the group was 14.36%.

• HedgeCoVest Biotech Short-Only 28.39%
• HedgeCoVest Consumer Short-Only 21.72%
• HedgeCoVest Pharmaceutical Short-Only 19.71%
• HedgeCoVest Technology Short-Only 13.5%
• HedgeCoVest 250 Short-Only 11.43%
• HedgeCoVest Basic Materials Short-Only 11.08%
• HedgeCoVest Financial Short-Only 9.97%
• HedgeCoVest Industrial Short-Only 8.71%
• HedgeCoVest Energy & Utilities Short-Only 5.02%

In addition to these models turning in positive performances in January, there were six long/short, hedged equity or market neutral models that also had positive returns during the month.

Rick Pendergraft
Research Analyst
HedgeCoVest