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Hedge Funds Trailed Stock Indexes in January, Eurekahedge Says

Hedge funds worldwide were little changed in January, returning 0.01 percent and underperforming global equities as losses in some emerging markets limited gains, according to Eurekahedge Pte.

Last month’s return follows a 10.9 percent gain in the Eurekahedge Hedge Fund Index, which tracks more than 2,600 funds worldwide, in 2010, the Singapore-based data provider said in an e-mailed report. The index rose 2.9 percent in December. More than 30 hedge funds started in January, the firm said, without elaborating.