The hedge fund industry gained a rare boost in January as leading operators made their first profits in months and the convertible bond market – dominated by hedge funds – started to move again. Several funds produced returns above 10%, including two funds from US-based Cantillon Capital and a financial fund from London’s Lansdowne Partners. Cedar Hill, a US fund that was a top performer last year, returned 22% in January. Many more bucked the worst January for US stocks, producing about 5% returns, although most remain far below previous peaks, to which they must return to earn performance fees.

This entry was posted by Gwen Robinson on Monday, February 9th, 2009 at 5:36 and is filed under Capital markets, Hedge funds. Tagged with cantillon, Cedar Hill, lansdowne. Edit this entry.