Wade McKnight
Wade McKnight
biggest created credit environment equity fund january jump market meaningful measure nine percentage performance produce require since stock strategies strongest trading unusually volatility
January performance was the strongest since May 2003. Unusually strong equity market volatility and narrowing credit spreads created an exceptional trading environment for many hedge fund managers. The VIX, a measure of equity market volatility, jumped more than 21% to 14.56 after the January 20 stock market close, the biggest one-day percentage jump in nine months. Most hedge fund strategies require volatility to produce meaningful returns.
equity few funds global higher strong weeks
Strong global equity indices propelled most hedge funds higher during the first few weeks of 2006.
albeit beat commodity delivered emerging energy fund half indicate leading maintained managers market positive results returns small stance strategy strong
Hedge Fund returns were impeded by futures managers who made strong energy commodity bets. However, preliminary results indicate emerging market managers maintained their stance as leading strategy contenders, albeit by a small margin. Approximately 60% of hedge fund managers in the Index delivered positive returns, while just over half beat the S&P 500.