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).


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Editor's Note