Hedge Funds Fall In February

Mar 6 2009 | 2:10am ET

Hedge funds returned to their losing ways in February, dropping 0.38% last month after breaking their losing streak in January.

The decline in the HFRX Global Hedge Fund Index cut its year-to-date return to 0.71%. Five of the eight HFRX strategy indices were in negative ground last month, “led” by distressed securities, which lost 2.06% (down 2.51% YTD). Other losing strategies included equity hedge funds (down 1.28% in February, up 1.42% YTD) and equity-market neutral (down 0.95%, down 0.95% YTD).

Convertible arbitrage funds, one of last year’s biggest losers, rose 2.15% last month, bringing its early year-to-date return to 8.18%. Relative value arbitrage funds rose 0.49% (up 2.84% YTD) and merger arbitrage funds rose 0.44% (up 0.76% YTD).


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of