BUZZ-Black box hedge funds among the few winners in a difficult January

** Computer-driven funds continue to outshine their human peers, with the vast majority of the hedge fund industry losing money in January, according to performance data seen by Reuters

** Every major systematic hedge fund in positive territory YTD, with an average return of 4.1 pct

** Horseman Global, Conquest Macro, and Tulip Trend all up double digits, with the rest of the top 20 dominated by black-box funds

** More disappointing start for long/short equity funds: average Asian fund down 7.5 pct YTD; Japan down 7.2 pct; Europe down 3.2 pct; US down 2.3 pct

** Bill Ackman's Pershing Square down 9.2 pct to Jan 26, according to performance data

** Odey European one of the few equity funds in the black, up 12.7 pct with the fund's bearish macro bets against China paying off

** Odey also short Seadrill (Hamburg: 2171269.HM - news) and Anglo American (LSE: AAL.L - news) . Link: http://bit.ly/1PLtvMt

** Commodity funds continue to make top and bottom 20 lists

** Millburn Commodity Program among best performers YTD after finishing 2015 up 25.6 pct

** Dorset Energy fund down 10 pct (worst performing hedge fund in 2015, down 44 pct)

** Hedge fund performance YTD: http://reut.rs/1nzb8ne

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)