Hedge Funds Post Gains In February

Mar 7 2013 | 9:09am ET

Hedge funds posted their fourth consecutive month of gains in February, adding 0.28%, according to eVestment.

Mortgage strategies posted the biggest returns, adding 1.32% on the month (up 3.36% on the year); followed by long/short equity, up 1.12% on the month (and 4.56% YTD); multi-strategy, up 0.87% on the month (and 2.83% YTD); and event-driven/distressed, up 0.75% in February (and 2.65% YTD).

Also in the black last month were market neutral equity strategies, up 0.64% (and 1.78% YTD); and relative-value credit, up 0.52% (and 1.75% YTD).

The only losing strategies in February were managed futures, down 1.49% (and down 0.09% YTD); and macro, down 0.01% (but up 0.97% YTD).

Purely systematic trading strategies were up 0.42% YTD in February compared to gains of 3.10% for discretionary strategies. eVestment says these numbers illustrate the difficulties facing systematic strategies “in markets where current prices are likely being influenced very differently by the array of factors than modeled in the past, perhaps a symptom of current global monetary policies.”

Emerging market fund returns were mostly positive, but a few large losses from China-focused funds put them, as a group, down 0.62% for the month (but up 2.28% YTD).

 

 


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note