Van Hedge Fund Advisors International, Inc. (VAN), a hedge fund advisory firm, said the performance data is based on figures from more than 700 January returns. Approximately 63% of the funds included in the Index reported a positive return for the month, with 93% beating the S&P 500, according to VAN.
The Van US Hedge Fund Index and the Van Offshore Hedge Fund Index, which specifically focus on US-domiciled and non-US-domiciled hedge funds, respectively, posted January gains of 0.6% net and 0.7% net. The Global Index incorporates both types of funds.
The most successful global hedge fund strategies for January were Distressed Securities, which averaged a 2.6% net gain, and Market Neutral – Arbitrage, which averaged a 2.1% net gain. Market Timing and Value both lost money in January, with average net returns down 0.7% and 0.4%, respectively.
January returns for the Van Hedge Fund Indices will be calculated at the end of February, after several hundred more funds have submitted their returns to VAN, the company said.