The hedge fund industry gave up a bit of ground in February, falling back -1.00 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
The hedge fund industry gave up a bit of ground in February, falling back -1.00 per cent for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions.
For the second consecutive month, hedge funds outperformed the S&P 500 Total Return Index which was down -2.99 per cent in February.
So far in 2022, the S&P 500 Total Return Index has shed a total of -8.01 per cent, whereas the hedge fund industry is down less than half as much (-3.55 per cent).
Most hedge fund sub-sectors were in the red in February, though seven managed to post gains. The Distressed Securities Index was up 2.66 per cent for the month, while the Global Macro Index gained 1.18 per cent, the Emerging Markets Sub-Saharan Africa Index advanced 1.10 per cent, and the Event Driven Index returned 0.62 per cent.
Other February gainers included the Merger Arbitrage Index, up 0.27 per cent, the Equity Market Neutral Index, advancing 0.08 per cent, and the Multi Strategy Index, returning 0.04 per cent.
Among the sub-sectors recording monthly losses in February were the Emerging Markets Eastern Europe Index, down -9.44 per cent, the Emerging Markets Global Equities Index, retreating -4.81 per cent, the Fixed Income Arbitrage Index, losing -2.73 per cent, the Emerging Markets Index, giving up -2.62 per cent, and the Volatility Trading Index, off -2.56 per cent.
The majority of hedge fund sub-sectors lost ground for the year to date as well. Among those bucking the trend were the Emerging Markets Latin American Equities Index, up 4.33 per cent, the Emerging Markets MENA Index, gaining 2.12 per cent, the Global Macro Index, advancing 2.02 per cent, the Emerging Markets Sub Saharan Africa Index, returning 0.97 per cent, and the Distressed Securities Index, up 0.83 per cent.
Sub-sectors in the red for the year to date included the Emerging Markets Eastern European Equities Index, down -13.55 per cent, the Healthcare & Biotechnology Index, off -10.62 per cent, the Technology Index, retreating -10.20 per cent, the Emerging Markets Asian Equities Index, losing -6.60 per cent, and the Emerging Markets Global Equities Index, down -6.00 per cent.
