The Eurekahedge Hedge Fund Index was up 2.10%1 in January on the back of a strong resurgence in risk appetite, making it the strongest monthly return for the index since December 2010. The MSCI WorldIndex gained 4.96%2 as markets overcame lingering concerns about the European debt situation and posted strong rallies. The capital-weighted Mizuho-Eurekahedge Index was up 1.80% during the month.
All regional mandates finished the month with positive returns as risk appetite was given a boost early in the month with strong economic data from the US. Better than expected debt auctions in Western Europe added further steam to the rally while the US Federal Reserve’s announcement of keeping interest rates low into 2014 added further optimism in the marketplace.