Hedge Funds Fall Slightly In February

Mar 5 2013 | 11:12am 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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of