Friday, 4 September 2015
Last updated 10 hours ago
Mar 18 2010 | 8:42am ET
Hedge funds returned an average of 0.78% in February, returning to their winning ways after a month off in January.
“Hedge funds bounced back in February, more than making up for their 0.34% loss in January,” Sol Waksman, founder of BarclayHedge, said of the Barclay Hedge Fund Index. “While U.S. and Asian equity markets gained ground in February, European-linked assets underperformed due to concerns about sovereign debt default in Greece and fears of possible contagion impacting the weaker European Union members.”
The Barclay index is up 0.42% after the first two months of the year. All but three of its 18 subindices were in positive ground last month, with equity short-bias funds dropping 2.02%, European equities 0.62% and Pacific Rim equities 0.09%.
The winners were led by technology funds, which were up 2.3%, followed by equity long-bias at 1.66%, healthcare and biotechnology at 1.25% and event-driven at 0.98%. On the year, distressed securities is the top-performing strategy at 3.19%.
Commodity trading advisors rose 0.19%. Funds of hedge funds returned 0.17%.
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…