Opalesque Industry Updates - After being marginally down in January, hedge funds returned to positive territory in February 2010. The composite Eurekahedge Hedge Fund Index gained 0.52% during the month as the underlying global markets posted a recovery from a disappointing January. The MSCI World Index was up 1.23% in February, bringing its YTD figure to -3.01%.|
Hedge fund start-up activity gears up with nearly 90 launches globally in 1Q2010.
Arbitrage hedge funds delivered 15 consecutive months of positive returns, gaining 26.23% since November 2008.
Latin American funds were also positive with a 0.48% returns in February while Asia ex-Japan and Japan funds returned nominally positive performances. Continued problems in the eurozone led to negative results by the region’s managers, who were down 0.66% in February as the euro weakened amid speculation of Greece’s sovereign debt default.
Full performance charts available: Source