Hedge Funds Up Slightly In Feb.

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).


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.