Performance

Absolute Retrun Indices: Funds stage comeback in February

by

#Hedge funds in February recovered from a tough start to the year, with the Absolute Return Composite Index gaining 1.12% to bring the overall industry back above water, though barely: Year to date, the Composite is up a mere 0.05%.

Managed futures and commodities strategies both outperformed the median, gaining 4.08% and 3.76%, respectively, to total 6.15% and 7.19% for the year.


Absolute Return strategy indices

Strategy

Feb 08

YTD 08

Arbitrage

0.93%

0.70%

Commodities

3.76%

7.19%

Convertible & Equity Arbitrage

0.09%

0.34%

Credit

0.20%

0.07%

CTAs

4.08%

6.15%

Distressed

0.22%

-2.44%

Event Driven

1.08%

-2.01%

Fixed Income

0.25%

1.98%

Global Equity

1.54%

-2.72%

Latin American Debt

1.10%

1.16%

Latin American Equity

2.03%

1.66%

Macro

2.74%

2.82%

Mortgage Backed

0.56%

1.75%

Multi-Strategy

1.30%

-0.08%

Technology

-0.68%

-4.69%

U.S. Equity

0.42%

-1.97%

Composite

1.12%

0.05%




ABSOLUTE RETURN COMPOSITE INDEX

Source: Absolute Return