Hedge Funds Fall Slightly In February

Mar 5 2013 | 10:12am ET

Hedge funds suffered a let-down in February, losing ground after a strong opening to the month.

The average hedge fund lost 0.16% last month, the Credit Suisse Liquid Alternative Beta Index shows. The decline increases the industry’s streak of trailing the Standard & Poor’s 500 Index, which rose 1.4% in February.

The LAB index is up 0.93% through the first two months of the year, after its 1.1% jump in January.

Event-driven funds were the best performers tracked by the LAB indices, rising 0.17% on the month (1.77% year-to-date). Managed futures funds gained an average of 0.11% (2.3% YTD).

The other three strategies tracked by Credit Suisse lost ground in February. Merger arbitrage funds fell 0.01% (up 2.3% YTD), global strategies 0.07% (up 1.38% YTD) and long/short funds 1.02% (down 1.96% YTD).


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of