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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...