HFN: Hedge Funds Add 1% In February

Mar 11 2010 | 2:50pm ET

Hedge funds got into positive territory for 2010 last month, according to HedgeFund.net’s indices.

The HFN Hedge Fund Aggregate Index rose 1% in February, erasing January’s decline and leaving the index up 0.46% in the first two months of the year.

Special situations funds were the strongest performers on the month, adding 5.53% (6.1% year-to-date). Regulation D funds returned, on average 3.63% (5.31% YTD) and options strategies 3.25% (3.98% YTD). Value funds rose 2.37% (2.93% YTD) and technology sectors funds 2.07% (down 1.07% YTD).

Just three strategy indices are in the red so far on the month—six of the indices have not had enough funds report. Short-bias funds suffered as markets rallied in February, dropping 2.62% during the year’s shortest month (down 0.5% YTD). Healthcare funds lost 1.39% (down 1.56% YTD) and emerging markets funds fell 0.5% (down 0.7% YTD).

Regionally, North American hedge funds did best last month, rising 1.83% (1.56% YTD), with U.S. funds up 1.77% (1.53% YTD). Latin America funds added 0.87% (0.28% YTD), led by Brazilian funds with a 1.98% return (down 1.25% YTD).

Of the six regional indices, only Asian funds posted a loss in February, and only barely, dropping 0.01% (down 0.87% YTD). Russian hedge funds were the hardest hit of all HFN’s country-specific indices, dropped 2.53% on the month (up 0.23% 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…