HFRI-I Liquid Alternative UCITS Indices: January 2021 Performance Notes

01/31/2021 Performance Notes

Global financial markets posted mixed performance in January, as early month gains on resolution of the US political transition were reversed through volatile trading dominated by strong retail demand in deep value equities. Technology & small cap led US gains while large cap & cyclicals led declines; by regions France & Germany led declines while Asian markets were also mixed. US rates increased on expectations for more stimulus borrowing, while the US dollar gained vs most major currencies. Oil again led commodity gains, Metals were mixed while Corn & Soybeans led commodity gains.
The HFRI-I Liquid Alternative UCITS Index posted a decline of -0.14% in January

HFRI-I Equity Hedge Index declined -0.16%
HFRI-I Event Driven Index gained +0.53%
HFRI-I Macro Index declined -0.31%
HFRI-I Relative Value Arbitrage Index posted a modest gain of +0.05%

Comments reference performance as of January 29, 2021