News Digest: Equities hedge funds lose over 6% in January
February 2, 2022
News Digest:
Equities hedge funds posted an average loss of 6.2% in January, as compared to the 5.2% slide suffered by the benchmark S&P 500 index during the period, it has emerged.
Takeaway:
With geopolitical turmoil and the likelihood of a spike in interest rates triggering significant market volatility, several long-short strategies found the going tough in January, and some healthcare- and technology-focused hedge fund portfolios losing over 10%.