Wednesday, 20 August 2014
Last updated 9 min ago
Mar 18 2014 | 12:47pm ET
Hedge funds warmed up in February, even if the weather did not.
The Barclay Hedge Fund Index rose 2% last month, erasing its January loss and leaving it up 1.59% on the year. The rally was led by healthcare and biotechnology funds, which rose 5.01% in February and are up 11.19% on the year.
“Improving investor sentiment fuelled by robust M&A activity and strong corporate earnings helped most global equity markets rebound in February, with the exception of China, Japan and Russia,” BarclayHedge founder Sol Waksman said.
Technology funds added 3.24% in February, distressed securities funds 3.04%, event-driven funds 2.91%, equity long-bias funds 2.91% and European equities funds 2.59%. Funds of hedge funds rose 1.66% on the month and are up 1.4% on the year.
With stocks rising—the Standard & Poor’s 500 Index jumped more than 4% in February—short-bias funds took a commensurate hit, dropping 3.87%. Global macro funds shed 0.3% on the month.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note