Performance

Narrow index loss after tricky month

by

European hedge funds came through a topsy-turvy month in February in reasonably good shape, with the EuroHedge Composite Index showing a narrow loss of 0.05% as equity markets again fell sharply.

Fixed-income led the way with a median gain of 1.5%, with decent median returns also in convertible arbitrage, event-driven, managed futures and macro.

The medians for equity strategies were all down on the month, but each by less than 1%.


EuroHedge indices

Strategy

Feb-09

YTD

European Long/Short USD

-0.54%

-0.04%

European Long/ Short GBP

-0.40%

0.22%

European Long/ Short EUR

-0.56%

0.13%

Macro USD

0.32%

1.11%

Fixed Income USD

1.52%

2.00%

Global Equity USD

-0.35%

0.05%

Managed Futures USD

0.24%

0.05%

Credit USD

0.09%

0.45%

Currency

-0.10%

1.40%

Event Driven USD

0.30%

0.00%

Mixed Arbitrage & Multi Strategy

0.26%

0.66%

Equity Market Neutral & Quantitative