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Komfie Manalo, Opalesque Asia: Hedge funds extended recent gains in February, recording an 11-month rally over the past 12 months, as global equity markets rallied and all main strategies produced broad-based gains, led by equity hedge funds specializing in healthcare and technology, data provider Hedge Fund Research said.
The HFRI Fund Weighted Composite Index (FWC) rose 1.0% last month, bringing YTD 2017 performance to 2.2%. February extends the HFRI FWC Index Value to 13,241, the third consecutive monthly record. The HFRI Asset Weighted Composite Index posted a slightly higher return of 1.2% for the month, increasing its YTD gain to 1.9%.
"Hedge funds extended the record HFRI level in February with broad-based gains across most sub-strategies, led by a diverse exposure group including healthcare, technology, emerging markets, and quant CTA strategies," stated Kenneth J. Heinz, president of HFR.
Equity hedge is the top performer
Heinz added that equity hedge led HFRI performance in February, narrowly topping fixed income-based relative value arbitrage strategies, as all four main strategy areas advanced for the month. The HFRI Equity Hedge (Total) Index gained 1.2% for the month and leads all strategy indices YTD with a 3.1% return; the EH Index has climbed 14.5%in the trailing 12 months. EH sub-strategy performance was led by healthcare and technology exposures,...................... To view our full article Click here
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