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Hedge funds continued to deliver positive returns in February

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Hedge funds continued to provide investors with positive returns in February with funds administered by Citco delivering an overall weighted average return of 2% over the month, to give them a YTD weighted average return of 3.5%.

Almost three quarters (71.8%) of funds achieved a positive return overall in February, up from 64.5% the previous month.

Equity funds were the standout performers with a weighted average return of 3.4% in February, almost double the 1.8% seen in January, followed by Multi-Strategy funds at 1.3%, and Fixed Income Arbitrage funds at 0.9%.

On a fund size basis, all AUA categories had a positive February. Funds with between $500m and $1bn of AUA seeing the strongest performance with a weighted average return of 2.4%, followed by the largest funds with more than $3bn of AUA at 2.1%.

Multi-Strategy funds saw the most activity in February, with net inflows of $1.7bn driven by $4.4bn of subscriptions which outweighed redemptions. Equities had the highest net outflows at $0.4bn, down from $0.7bn in January.

On a regional basis, funds in Europe had the highest net inflows of $1.8bn in February, followed by funds in Asia at $0.1bn. Funds in the Americas, meanwhile, dipped into negative territory, with net outflows of $0.1bn.

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