18 Mar 2010
The Credit Suisse/Tremont Hedge Fund Index Gained 0.68% in February as Hedge Funds Navigated Divergent Global Markets
A new monthly commentary offers insight into February hedge fund performance. Some key findings from the report include:
- Managed Futures was the best performing strategy for the month, posting returns of 1.81%. Performance was primarily driven by trend followers’ successes in foreign exchange and interest rate futures
- Long/Short Equity managers recovered much of their January losses in February after a positive month for both equity hedge funds and most developed equity markets. The strategy was the second best performing sector for the month, posting returns of 1.32%.
- The Global Macro strategy produced broadly positive returns across both discretionary and systematic funds, finishing the month up 1.10%.
- The Event Driven strategy produced mixed performance in February, primarily driven by choppy market conditions. Concerns about sovereign default risk and lackluster economic reports caused a number of credit and equity markets to trade off for most of the month. Overall the sector finished up 0.44%.
A new monthly commentary offers insight into February hedge fund performance. Some key findings from the report include:
- Managed Futures was the best performing strategy for the month, posting returns of 1.81%. Performance was primarily driven by trend followers’ successes in foreign exchange and interest rate futures
- Long/Short Equity managers recovered much of their January losses in February after a positive month for both equity hedge funds and most developed equity markets. The strategy was the second best performing sector for the month, posting returns of 1.32%.
- The Global Macro strategy produced broadly positive returns across both discretionary and systematic funds, finishing the month up 1.10%.
- The Event Driven strategy produced mixed performance in February, primarily driven by choppy market conditions. Concerns about sovereign default risk and lackluster economic reports caused a number of credit and equity markets to trade off for most of the month. Overall the sector finished up 0.44%.
