(Bloomberg) -- Two Sigma Investments' macro-focused Compass hedge fund fell about 3% last month, according to people familiar with the matter.
Compass is among the few macro funds that failed to post a gain in January, as many of its peers took advantage of turbulent equity and Treasury markets to make money. The S&P 500 slid 5.3% last month and the tech-heavy Nasdaq Composite Index plunged 9%. Treasuries lost 1.9%, turning in their worst month since November 2016.
Read more: Macro Funds Top Peers in January After Years of Struggle
A spokeswoman for New York-based Two Sigma, which manages about $63 billion, declined to comment.
Compass ended 2021 with a gain of more than 3%. Here are how all of Two Sigma's funds performed last year:
| Two Sigma Funds | 2021 Return (%) |
|---|---|
| Compass | 3.4 |
| Spectrum | 3 |
| Risk Premia Standard | 14 |
| Risk Premia Enhanced | 22 |
| Absolute Return | 1.5 |
©2022 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
