Event driven funds lead February gains

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Performance of hedge funds administered by the Citco group of companies (Citco) diverged across strategy types in February, with a weighted average return of 0.1%. At a strategy level, event driven funds delivered the highest weighted average return of 3.3% followed by equities at 0.5%.

Multi-strategy and commodities funds both saw negative performance, with weighted average returns of -0.8% and -0.7% respectively.

On an AUA basis, funds with assets between $500 million and -$1 billion saw the highest weighted average return of 0.5%, followed by a 0.3% return for funds with more than $3 billion of assets.

Daily average trade volumes were up 13.4% in February versus January which had marked the quietest start to a year since 2020.

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