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Hedge fund index down 1.2% in January
03 March 2010
Hedge Funds suffered a slump in January according to a report released by Morningstar.
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Hedge fund Morningstar January
Morningstar, a provider of independent investment research, has reported preliminary hedge fund performance for January and asset flows through 2009. January was not a strong month for hedge funds. The Morningstar 1000 Hedge Fund Index dropped 1.2%, while the currency-hedged Morningstar MSCI Hedge Fund Index fell a slight 0.3%.
The US dollar appreciated against several currencies, particularly the Euro, in reaction to fiscal difficulties in countries such as Greece, which hurt the Euro-denominated hedge funds in Morningstar's indexes.
Equity markets tumbled in January, particularly in Europe, but also in the...
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