15/02/2012 Author: Kirstie Brewer

Big-name funds recover with a strong January

Several big-name hedge funds have bounced back from a disappointing 2011 to outperform their peers in January, HSBC Private Bank’s latest Hedge Weekly Investment Funds Performance Review has revealed.

UK-based Henderson Global Investors’ European Absolute Return Fund was down 42.06% in 2011 – placing them second among HSBC’s bottom-20 funds of the year, with only the Paulson Advantage Plus fund fairing worse – but it soared to the top of the table in January, posting returns of 14.02%.  

Meanwhile, the Occam Global Emerging Markets Fund Class A, which was down 23.55% last year, and RAB Capital’s global mining and resources fund, 24.56% in the red for 2011, both made sterling recoveries in January, up 9.26% and 8.34% for the month, respectively.

Hedge funds have kick-started the year with strong gains across the board, according to the latest data from Hedge Fund Research (HFR). The HFRI Fund Weighted Composite Index gained 2.63% in January, the second highest monthly performance since December 2010.

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