eVestment|HFN Reports Hedge Funds Up Almost 2% In Feb

Mar 8 2012 | 1:07pm ET

Another county heard from: eVestment|HFN also reports that hedge funds have had their strongest yearly start since 2000, adding 1.94% for the month.

The hedge fund data firm says early indications show net investor flows were positive for the second consecutive month in February, reversing the outflow trend of H2 2011.

eVestment|HFN says 60% of funds reporting for February indicated positive net investor flows during the month while 75% of large funds (>$1 billion) reported allocations outpaced redemptions in February.

February’s positive performance seems to have been driven by long-biased equity exposures, particularly to emerging markets, and among those, particularly to Brazil (up 4.63% in February, 12.22% YTD) and Russia (up 10.10% in February, 21.70% YTD). Funds focused on China were positive for the month but trailed other EM strategies (up 1.08% in February, 3.17% YTD).

eVestment|HFN says smaller funds (those with under $1 billion AUM) have outperformed their larger rivals by more than 100 bps so far in 2012.

In aggregate, equity strategies outperformed credit and macro strategies, but all classifications ended February in the black. Equity strategies were up 2.48% for the month, 6.03% YTD; credit strategies were up 1.48% for the month, 3.01% YTD; and macro strategies were up 1.81% for the month, 3.82% YTD. Only short biased funds (down 6.41%) and FX strategies (down 1.68%) reported negative aggregate returns for the month.

Mortgage strategies continued to post solid results and are the best performing fund classification over the last 12 months.

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