New York (HedgeCo.net) – Credit Suisse released the January performance results for their Hedge Fund Index earlier this week as well as the results for each of the various hedge fund strategy categories. While most of the world’s equity indices fell over 5% during the month of January, the Credit Suisse Hedge Fund Index was only down 1.41%.

Of course dedicated short bias funds performed well with a gain of 9.48% and as we have seen with other hedge fund performance reports, managed futures performed well with an average gain of 4.02%. The only other strategy with a gain was risk arbitrage with a gain of 0.59%.

On the down side, event driven multi-strategy funds performed the worst with a loss of 3.72% followed by emerging market funds with a loss of 3.45%. Long/short equity strategies lost 2.78% and that was the third worst performing group.

Rick Pendergraft
Research Analyst
HedgeCoVest