The Dow Jones Credit Suisse Hedge Fund Index finished up 0.24 per cent for the month of February with six of the 10 sub-strategies recording positive returns.

Emerging markets (0.49 per cent) and event driven (0.46 per cent) led the way, while the worst performer for the month were equity market neutral (-1.28 per cent) and dedicated short bias (-1.65 per cent).

The following funds were dropped from the Dow Jones Credit Suisse Hedge Fund Index in February: AdvantHedge Master Fund, Copia Market Neutral, CTC Master Fund, GLC Gestalt Europe Fund, Halcyon Structured Opportunities Investors, QFS Global Macro Program, RAB Europe Fund, Storie Partners, and Vision Hybrid Fund.