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Hedge fund returns positive in February

Hedge-fundMore than 70% of global hedge funds saw positive returns for the third consecutive month in February, led by activist hedge funds.

Activists returned 2.53%, bringing their year-to-date returns to 3.03%.

Emerging market funds, which have raised large inflows recently, returned 2.05% in February, bringing their year-to-date returns to 4.65%, according to eVestment’s Hedge Fund Industry Performance Report for February.

Hedge funds focussed on developed markets returned 1.01% in February and 2.30% for the year-to-date.

Funds focussed on India and Brazil were among the best performing country-focussed funds  – though funds investing in Russia lost money, but were still 1.03% up year-to-date.

The report’s author, Peter Laurelli, research vice-president of eVestment, wrote that, following investor redemptions of $106 billion (€100 billion) in 2016, 2017 “is starting off on a very positive note for the industry”.

The report also found managed futures funds, which saw a barely positive 0.58% return in 2016, were among the strongest performers during the month, enjoying returns of 1.32%.

Commodity funds were the only major-category to decline in February, lost 0.50%, bringing year-to-date returns to 0.07%.

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