The global hedge fund business had an aggregate return of -0.17 per cent in February, according to eVestment’s February 2022 hedge fund performance data.
The global hedge fund business had an aggregate return of -0.17 per cent in February, according to eVestment’s February 2022 hedge fund performance data.
This marks the second consecutive month of negative returns, which put the hedge fund industry at -1.91 per cent year-to-date (YTD), as the situation in Ukraine continued to roil the financial markets.
Among all hedge fund types eVestment tracks, Commodities hedge funds were the strongest performers in February with aggregate returns at +4.32 per cent. These funds are also the strongest performers YTD, with aggregate performance so far in 2022 at +8.55 per cent, and were among the top performers in all of 2021 with aggregate performance last year of +20.87 per cent.
At the bottom of the performance rankings, perhaps unsurprisingly, are Russia-focused hedge funds, which saw February aggregate returns come in at -19.51 per cent, bringing YTD performance to -24.26 per cent.
Among the primary strategies eVestment tracks, Managed Futures hedge funds were the top performers, with aggregate returns of +2.39 per cent, bringing YTD aggregate returns to +3.58 per cent.
At the other end of the primary strategies spectrum, Origination & Financing hedge funds had the worst performance among primary strategies eVestment tracks, coming in at -4.54 per cent in February. These funds’ aggregate returns YTD stand at -6.81 per cent.
Equity-focused funds have had a rough start to 2022. Among the primary hedge fund markets eVestment tracks, Equity funds came in last in aggregate performance at -1.08 per cent, with YTD performance at -4.32 per cent.
Long/Short Equity funds saw aggregate performance come in at -0.70 per cent with YTD aggregate performance at -4.30 per cent.
Among Equity fund subsectors eVestment tracks, Equity-Energy, Equity-Healthcare and Equity-Technology hedge funds all turned in negative aggregate performances in February and YTD. Only Equity-Financials funds, at +1.90 per cent in February and +1.47 per cent YTD are in positive territory among these Equity sub sectors.
