Industry Updates
Hedge funds start the year by outperforming the global equity market led by distressed debt and event driven strategies Tuesday, February 09, 2021 Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.37% in January 2021, outperforming the global equity market as represented by MSCI ACWI (Local) which gained 0.11% over the same period. Global equities went on a roller coaster ride this month as their gains in the earlier period were erased due to the turbulence of retail investment in the last part of the month.
In the US, Joe Biden s inauguration as the 46th president in the US and Democrats taking control in the Senate boosted the performance of the equity market in the earlier period of the month. Investors were optimistic about the proposed domestic stimulus and shift in the foreign policy of the new administration. However, market risk sentiment rapidly changed as the clash between retail investors and notable hedge funds over Game