Saturday, 1 August 2015
Last updated 1 day ago
Mar 9 2010 | 3:46am ET
Hedge funds posted mixed, if broadly positive, returns in February, according to the Credit Suisse/Tremont Hedge Fund Index.
That index rose an estimated 0.87% last month. Combined with its 0.17% return in January, the index is up 1.04% in 2010.
Managed futures was the strongest strategy in February, rising 2.01% (down 1.88% year-to-date). Long/short equity wasn’t far behind at 1.58% (0.06% YTD), followed by global macro at 1.25% (2.33% YTD).
Convertible arbitrage funds returned 0.63% last month (1.61% YTD). Multi-strategy funds rose 0.6% (1.16% YTD). Event-driven funds added 0.48% (1.91% YTD).
On the red side of the ledger, short-bias funds took a beating as stocks soared, falling 4.18% on the month (down 3.92% YTD). Equity market-neutral funds shed 1% (down 0.9% YTD) and emerging markets funds lost 0.54% (down 1.3% YTD). Fixed-income arbitrage funds and risk arbitrage funds were essentially flat, if down slightly. The former dropped 0.07% (up 1.95% YTD) and the latter 0.03% (up 0.37% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…