Hedge Funds Rise 2%, Into The Black In February

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat