Two Sigma’s Compass Fund Fell 3% in January on Market Tumult
(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.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
