Most hedge funds produced positive performance in February, though equity funds continued to underperform the major indices. The HedgeFund Intelligence Global Composite Index, which tracks 4,371 active single-manager hedge funds, produced a median gain of 0.75% in February against a 3.50% rise in the MSCI World Index (net).
Americas, Europe, Asia
Funds in the Americas rose 1.12% in February, against a 3.20% gain for the S&P 500 Index. European funds gained 0.64% against a 3.28% gain for the MSCI Europe Index (net). Asian funds gained 0.08% against a 3.45% gain for the MSCI Pacific Free Index (net).
Managed Futures hedge funds were the best performers globally, gaining 1.34% in February. Emerging market equity funds fell into last place globally, dropping 0.39% for the month. So far, this year is broadly better than the prior three. The Global Composite Index, which is up 1.17% this year through February, was down 0.26% in 2008, up 0.18% in 2009 and up 0.41% in 2010 for the same period.
Americas (AR Magazine Indices) Composite
Europe (EuroHedge Indices) Composite
Asia (AsiaHedge Indices) Composite
Funds of funds (InvestHedge Indices) Composite
UCITS (Absolute UCITS Indices) Composite