Although February was tough for global equity markets, hedge funds weathered the storm reasonably well, the InvestHedge Global Multi-Strategy median effectively flat at 0.01% in US dollar terms. A number of funds of hedge funds now have reasonable three-month figures.
Culross H is up 2.96% over three months after dropping 0.38% in February, while a 0.08% February return took Man RMF Diversified to 2.72% over the past three months.
One of last year's stars, Eddington Triple Alpha, was down 0.62% on the month, but three-month returns remain good at 2.50%. LCF Edmond de Rothschild Prifund Alpha Diversified was down 0.37%