Hedge Funds Fall In February

Mar 6 2009 | 1:10am 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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of