Hedge Funds Up 0.87% In Feb.

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).

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…