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Komfie Manalo, Opalesque Asia:

Hedge funds posted mixed performance in February as the global financial markets weigh in on the U.S. political primaries and Brexit. In its monthly report, Hedge Fund Research said that the HFRX Global Hedge Fund Index declined -0.32% last month (-2.72% YTD).

The report said that macro and CTA strategies gained to offset losses in directional strategies with the HFRX Macro Systematic Diversified CTA Index gaining +2.75% (+5.03% YTD), its strongest performance for the past year, as energy posted sharp gains in final trading days of month, recovering intra-month losses. The HFRX Macro Index gained +0.30% (+1.35% YTD) for the month.

HFR said, "Global equity markets pared steep losses across many sectors into month end, with sector weakness led by biotechnology, financials and energy, European & Asian equities also posted mixed performance. Gold posted a sharp gain for the month following a strong gain in January; oil traded in a volatile range to end the month with a gain, while Natural Gas posted a step loss. The U.S. dollar gained against major currencies led by the decline in the British pounds Sterling on concerns about the impact of Brexit, while the USD declined against the Swiss franc and the Japanese yen. U.S. treasury yields ended the month with a modest decline, though yields fell sharply intra-month o......................

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