8 Mar 2010
HFRI Fund Weighted Composite Index posted a gain of +0.52% for February, reversing January losses and bringing YTD ’10 performance to a decline of -0.18%
After 2 months of losses, Macro funds posted the largest positive contribution, with a gain of +0.75% for the month. Gains were across both Discretionary and Systematic Macro, with both Commodity and Currency focused managers also having positive contributions.
Event Driven strategies posted a narrow loss of -0.11% for the month, with weakness in Activist strategies offsetting gains in Merger Arbitrage and Distressed.
Equity Hedge strategies gained +0.62%, with gains in Quantitative Directional & Equity Market Neutral strategies offsetting losses in Energy/Basic Materials and Short Selling funds.
Relative Value strategies posted a gain of +0.22%; this marks the 14th consecutive month positive month for RVA, with the last decline in December 2008. Although Asset Backed exposure declined for the month, these were offset by gains in Corporate & Yield Alternative strategies.
After 2 months of losses, Macro funds posted the largest positive contribution, with a gain of +0.75% for the month. Gains were across both Discretionary and Systematic Macro, with both Commodity and Currency focused managers also having positive contributions.
Event Driven strategies posted a narrow loss of -0.11% for the month, with weakness in Activist strategies offsetting gains in Merger Arbitrage and Distressed.
Equity Hedge strategies gained +0.62%, with gains in Quantitative Directional & Equity Market Neutral strategies offsetting losses in Energy/Basic Materials and Short Selling funds.
Relative Value strategies posted a gain of +0.22%; this marks the 14th consecutive month positive month for RVA, with the last decline in December 2008. Although Asset Backed exposure declined for the month, these were offset by gains in Corporate & Yield Alternative strategies.
