Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed up 0.68 per cent in February with seven out of ten sectors posting positive performance for the month.
The top performing sectors included managed futures (+1.81 per cent), long/short equity (+1.32 per cent) and global macro (+1.10 per cent).
Managed futures and global macro managers capitalised primarily on favourable fixed income and foreign exchange positions which included long exposures to short term interest rates and short exposures to the Euro and the Sterling.
Long/short equity managers were able to recover some of their January losses as a result of net long holdings amid positive equity markets in February.
Dedicated short and equity market neutral managers posted the weakest performance this month, down 3.20 per cent and 1.35 per cent respectively.
