After a small gain in January, the Average U.S. Hedge Fund returned an estimated -0.2% net over the first two months of 2002. By comparison, except for the blue-chip Dow Jones Industrial Index, all the major stock averages were negative for both February and the year to date.
Final February and year-to-date results for the Van Hedge Fund Indices, detailing the average performance for US, Offshore, and Global hedge funds by strategy, are scheduled for release later this month.
Hedge fund returns are net of fees and performance allocations.