HFN: Funds Up 0.55% In February

Mar 8 2007 | 12:56pm ET

Hedge funds weathered the end-of-February storm and manage to produce positive returns in the month, according to early estimates from HedgeFund.net’s indices.

The HFN Hedge Fund Aggregate Index, an equal-weighted benchmark covering some 7,100 products, returned 0.55% on the month, vastly outstripping the Standard & Poor’s 500, which tumbled by almost 2% on the month. The aggregate average also tops the S&P 500 year-to-date, 1.71% to -0.47%.

Emerging markets is back on top after a relatively slow January, returning 2.1% on the month (2.98% YTD). Emerging markets and distressed funds also remained strong in 2007, returning 1.71% (3.81% YTD) and 1.48% (3.18% YTD), respectively. Energy sector funds enjoyed the cold February, rising 1.88% on the month (2.07% YTD).

CTA/managed futures funds were the only single-strategy HFN index to suffer a down month in February. The average declined 1.13%, dragging year-to-date returns into negative territory at -0.39%.

Among regional funds, those focusing on Asia were particularly strong in February, rising 2.07% to reach 3.52% YTD.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...