Investable indices record best ever January returns

Investable indices are reporting the best month of returns in years for January. The Credit Suisse/Tremont hedge fund index was up 3.2% in January, its best monthly return since August 2000, with all but one of its 13 underlying strategies - dedicated short bias - posting positive returns. This is a continuation of a strong month in December, when only short-sellers and CTAs posted negative returns on the index. The best performers of the month were emerging markets funds, with 5.76% for the month, equity long/short funds, with 4.18%, and multi-strategy event driven with 3.32%. Conve...