Third Point, Greenlight Up In Feb.

Mar 8 2012 | 1:17pm ET

A couple of prominent hedge funds continued a run of (relatively) strong performance this year with a positive February.

Third Point's Ultra fund added 1.6% last month, Reuters reports, leaving the fund up 7.5% on the year. Greenlight Capital had an even better February, rising 3.1%. The fund is now up more than 6% in 2012.

Still, both funds are trailing the Standard & Poor's 500 Index, which rose 8% in the first two months of the year.

Conquest Capital Group's Macro fund is also trailing the S&P—by a much, much wider margin. The fund fell 5.77% last month and is now down almost 10% on the year.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…