Opalesque Industry Update -
Greenwich Alternative Investments report that hedge funds show mixed results for February, but all strategies remain positive year to date.|
Initial estimates reveal February’s leading strategy is Event-Driven (+1.18%), followed by Long-Short Equity (+1.04%); both strategies were top performers in January as well. Futures managers continue to struggle to maintain gains, losing -0.59% in February. This is now the only primary strategy reporting a negative 12 month return (-3.46%) on average.
Long-Short Credit (-0.38%) and Multi-Strategy (-0.21%) managers also posted marginally negative initial results for February, in what was a difficult environment for many hedge funds.