Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) gained across every major strategy in February. The GGHFI gained 1.28% compared to global equity returns in the S&P 500 Total Return +3.43%, MSCI World Equity +3.33%, and FTSE 100 +2.24% equity indices. Some 75% of constituent funds in the GGHFI ended the month with gains.
“Hedge funds were led by directional strategies in February given the rise in equities and surging commodity prices,” says Clint Binkley, Senior Vice President. “Tension in the Middle East is being overshadowed by strong corporate earnings and continued economic recovery which is reflected in the results of funds investing in developed markets.”
