HFR: Hedge Funds Up 0.43% In Feb.

Mar 5 2013 | 11:17am ET

Did hedge funds win or lose in February? The early-reporting indices are split.

While the Credit Suisse Liquid Alternative Beta Index showed a small 0.16% decline for the average hedge fund last month, Hedge Fund Research's HFRX suite shows a much rosier picture. The average fund rose 0.43% in February, according to the HFRX Global Hedge Fund Index, and all strategies save macro were in the black as well.

The main HFRX index is up 2.4% on the year, trailing the Standard & Poor's 500 Index, which returned 1.4% last month and is up more than 6% on the year.

Master-limited partnerships paced hedge funds in February, adding 1.92%. The strategy is up an impressive 10.11% on the year already, after an 8.03% jump in January. Fundamental value funds also did well last month, adding 1.72% (4.85% year-to-date), while convertible arbitrage funds rose 1.45% (2.43% YTD).

Equity hedge funds rose 1.17% (3.84% YTD), special situations funds 1.06% (5.32% YTD), credit funds 0.66% (2.06% YTD), event-driven funds 0.45% (3.84% YTD), merger arbitrage funds 0.26% (0.52% YTD), emerging markets funds 0.24% (0.65% YTD), equity market-neutral funds 0.19% (0.57% YTD) and relative value arbitrage funds 0.09% (1.6% YTD).

Macro funds and commodity trading advisers, by contrast, fell 0.09% (up 0.01% YTD), with systematic diversified CTAs losing 0.51% (down 0.59% YTD).


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note