Wednesday, 20 August 2014
Last updated 9 hours ago
Mar 8 2010 | 4:13am ET
Hedge funds posted broad-based, if unspectacular, gains in February, according to Hedge Fund Research.
The HFRI Fund Weighted Composite Index rose 0.52% last month. The benchmark shed 0.71% in January, leaving it down 0.18% on the year.
All but four of the HFRI indices and subindices were in positive ground in February, led by quantitative directional funds, which rose 2.06% (0.9% year-to-date). Technology and healthcare funds added 1.5% (down 0.08% YTD) and systematic diversified funds 1.04% (down 2.07% YTD).
Macro funds added an average of 0.75% in February (down 1% YTD). Equity hedge funds were up 0.62% (down 0.58% YTD), while relative value funds rose 0.22% (1.79% YTD).
Event-driven was the only main HFRI index to lose ground last month, shedding 0.11% (up 0.57% YTD). The other losers were short bias (down 3.22% in Feburary, down 0.66% YTD), asset-backed fixed-income (down 0.64%, up 1.2% YTD) and energy and basic materials (down 0.11%, down 2.72% YTD).
Funds of hedge funds rose slightly, 0.12%, and are down 0.25% on the young year.
Regionally, Latin America funds did best on the month, adding 0.97% (down 1.88% YTD). Global emerging markets funds were up 0.21% (down 0.09% YTD). Asia ex-Japan funds dropped 0.23% (down 2.55% YTD) and emerging markets funds generally lost 0.71% (down 1.76% YTD). Russia and Eastern European funds took a beating on the month, losing 4.03% (down 2.44% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note