The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07% in January. A new monthly commentary offers insight into hedge fund performance through the month of January. Some key findings from the report include:

• Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.07%, with 9 out of 10 strategies in positive territory;
• In total, the industry saw estimated outflows of approximately $9.3 billion in January, bringing overall assets under management for the industry to approximately $1.78 trillion;
• The Multi-Strategy and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in January equal to 0.78% and 0.19% of the December 2012 levels, respectively;
• Event Driven funds sustained positive performance in January from a combination of situation specific events and broad based market rally. Contributors for the month were both credit and equity asset classes, which drove performance for long holdings; and
• Long/Short Equity funds produced positive returns in January. Managers with exposure to Healthcare benefited from long positions in companies that announced positive earnings, merger speculation and private equity interest.