Hedge Funds Add 0.53% Mid-February

Feb 21 2013 | 1:56pm 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%.


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