Hedge Funds Rebound In February

Mar 6 2008 | 10:00am ET

After a terrible start to the new year, four of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted positive returns for the month of February.

Merger arbitrage, which so far remains the only strategy with positive gains for the year, and equity long/short were the leaders for the month with net-of-fees gains of 1.95% and 1.49%, respectively.

Event driven and equity market neutral posted returns of 0.86% and 0.63%, respectively, and convertible arbitrage posted a loss of -0.02% and is down 0.24% for the year.

Lastly, distressed securities continued to decline for the year, losing -0.51% in February and bringing their year-to-date performance to -4.01%. But equity long/short continues to hold the distinction of the worst strategy to date losing 4.67% in the first two months.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…