Hedge Funds Buoyed By Rising Markets, Rise 0.78% In Feb.

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%.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note