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.
« Selling Short Pays Off For February Hedge Fund Returns