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
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.