Hedge Funds Add 0.53% Mid-February

Feb 21 2013 | 2:56pm ET

Hedge funds were up 0.53% through mid-February, according to the HFRX Global Hedge Fund Index.

All but two strategies tracked by the data provider were in the black mid-month. The two exceptions were distressed restructuring funds, down 0.13% and systematic diversified CTAs, down 0.03%.

The winners were MLP strategies, up 2.02% mid-February; fundamental value strategies, up 1.48%; and special situations strategies, up 1.18%.

Also returning at least 1% were equity hedge funds, up 1.09%.

Market directional funds had returned 0.84% mid-month, event-driven funds 0.61%, convertible arbitrage funds returned 0.60%, fundamental growth funds returned 0.50%, equal-weighted strategies returned 0.43% equity market neutral funds returned 0.35%, fixed-income credit funds returned 0.33%, merger arbitrage and absolute return funds returned 0.24%, and macro/CTA strategies were flat at 0.08%.

Year to date, the best performers are special situations funds, up 5.45%; fundamental value funds, up 4.60%; event-driven funds, up 4.01%; and equity hedge funds, up 3.77%.

In regional terms, North American funds had added 0.63% and emerging markets 0.26% by mid-month. Multi-region funds were up 0.21%.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of