Opalesque Industry Update - Using data taken from Preqin’s Hedge Fund Analyst, hedge funds added gains of 1.72% in February which
takes the industry benchmark to 1.42% for the year to date. Despite gains of over 2% for some hedge fund
strategies, hedge funds lagged wider equity markets and indices, such as the S&P 500 which was up over
4% in February 2014.|
Other Key Facts:
“Investors may be reassured that the widespread negative returns across many of Preqin’s hedge fund performance benchmarks in January look to be a temporary blip rather than the start of a longer downward trend. Much of the January losses were led by declining equity markets which struggled at the start of the year following concerns around emerging markets and following the storms in the US.
However, equity benchmarks improved in February, with indices such as S&P 500 reaching record levels; strategies which have a focus on equities, in turn, also saw strong performance for the month. Event driven and long/short funds both posted returns of over 2% in February, taking their 12-month net returns to 16.04% and 11.91% respectively.”
Amy Bensted, Head of Hedge Fund Products - Preqin