Event-driven strategy notches best return in four years

By Amal Robleh

Fri Mar 7, 2014

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U.S. funds outperform Europe and Asia.

Hedge funds ended February up 1.37%, against large gains by major market indices. The MSCI World and S&P 500 rose 5.01% and 4.57%, respectively. 

Americas hedge funds were up 1.73% for the month, beating their regional counterparts in Europe (1.36%) and Asia (0.33%).

All Absolute Return indices were positive for the month. Event-driven funds were the big winners in February, with the Absolute Return Event Driven Index climbing 3.98% for the month. This is the strategy's best monthly return since May 2009, when event-driven funds surged to a 4.27% return. 

Note: These indices were accurate as of March 10 and are subject to change. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.

HedgeFund Intelligence Indices
Median hedge fund returns by region

February YTD
Asia AsiaHedge
0.33% 0.00%
Europe EuroHedge
1.36% 1.55%
U.S. Absolute Return
1.73% 2.09%
1.10% 1.01%
Funds of Funds InvestHedge
1.23% 1.01%
Global Composite HedgeFund Intelligence
1.37% 1.55%

Absolute Return Indices (Americas hedge funds)

Index February YTD
Credit 0.92% 2.01%
Event Driven 3.98% 4.24%
Latin American Equity 3.15% -0.86%
Macro 0.20% 0.02%
Managed Futures 1.30% -0.52%
Multistrategy 1.44% 2.25%
U.S. Equity 2.01% 1.33%
Composite 1.73% 2.09%

Global Benchmarks
Index February YTD
MSCI World Index 5.01% 1.12%
Dow Jones Industrial Average 3.97% -1.54%
S&P 500*
4.57% 0.95%
NASDAQ Composite 4.98%             3.15%
MSCI Europe Index 4.85% 2.49%
MSCI Pacific Free Index 1.97% -2.58%
* total return

About HedgeFund Intelligence

HedgeFund Intelligence  is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund  indices  that are the industry's most accurate benchmarks. Our frequent special reports  include in-depth analyses of various regions and sectors. Our  conferences  are renowned for the quality of the speakers and programming, and our objectively-determined  annual awards  are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Nick Evans via email (nevans@hedgefundintelligence.com) or at +44 (0) 20 7779 7355.

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