GLOBAL - Emerging markets came up trumps again in January, posting a positive 2.8% return, according to the CSFB/Tremont Hedge Fund Index.
Emerging markets outperformed all other sectors for the third consecutive month, despite dipping 2% on December 2001.
Overall, the index posted a 0.5% rise for the month as traditional global indices languished in negative territory.
Global macro strategies also returned 2.6%, continuing stellar performance from last year. The sector posted the highest total returns for 2001 at just under 20%.
The ability to short, a trademark strategy of hedge funds, is an increasingly desirable risk management tool as world markets once again proved disappointing for long-only investors, said the firm.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-based sector indices are calculated monthly.
By Madhu Kalia
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).