Punchy returns from market-neutral/quant


February saw some punchy returns in the equity market-neutral and quant strategies space, with a number of unusually strong positive months from many leading players in the sector.

Most market-neutral and quantitative equity funds performed well in a month when volatile underlying equity markets made life difficult for many of their more directionally-focused long/short equity counterparts.

The 2.5x levered version of the long-running HSBC European Alpha equity market-neutral fund led the way, gaining 4.68%, while the unlevered version was up 1.78%, and BlueCrest's BlueMatrix fund - run by long-standing stat arb and quant manager Dirk Ormoneit - gained 3.62% and