Investing March 15, 2001

Short Sellers Strong in February

March 15, 2001 (PLANSPONSOR.com) - The CSFB/Tremont Hedge Fund Index was down 0.6% in February, but the results of the nine style-driven sub-indices varied widely in the midst of tumultuous markets.
Reported by

Year-to-date through February 28, the CSFB/Tremont Hedge Fund Index is up 0.4%.

The top performer for the group was dedicated short bias, which was up 8.3% for the month, and tops the year-to-date statistics as well with a 6.7% gain.

Convertible arbitrage maintained a consistently strong performance, up 2.1% in February and 2.7% in January, for a 4.9% gain year-to-date.

February returns for the remaining sub-indexes were:

  • Emerging Markets – down 2.9%
  • Equity Market Neutral – up 0.9%           
  • Event Driven – up 1.6%  
  • Fixed Income Arbitrage – up 0.5%   
  • Global Macro – up 1.0%
  • Long/Short Equity – down 2.4%
  • Managed Futures – up 0.1%

The CSFB/Tremont Hedge Fund Index is comprised of 334 funds, and constructed using a database of more than 2,600 hedge funds. It includes both U.S. and offshore funds, but does not include funds of funds.  Only funds with at least $10 million under management are included.

Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices are calculated monthly.

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