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In the week ending March 19th 2020, BarclayHedge announced that the hedge fund industry continued its positive run in February, as Barclay Hedge Fund Index returned 2.68% for the month. By comparison, the S&P Total Return Index gained nearly 2.76% in February. For the year to date, the hedge fund industry gained 3.76% through the end of February. The S&P 500 Total Return Index returned 1.72% over the same period.

Industry performance was broadly positive in February 2021 with 80% of products reporting to eVestment reporting gains during the month. While the average positive result was high (+4.51%), it has been surpassed by four other months in the course of the prior twelve. Since post-pandemic onset in March 2020, the industry has produced aggregate returns of nearly 20%, which is the best 12-month return period for the industry since at least 2011.

Meanwhile, hedge funds offloaded the most Treasuries in nine months in January, foreshadowing a selloff in U.S. bonds that occurred just weeks later.

In new launches, global alternative investment manager Ares Management closed its Ares Pathfinder Fund at $3.7 billion - the alternative credit fund closed well above its fundraising target of $2 billion; California-based venture capital firm Group 11 has completed the first closing of its fifth fintech fund, raising more than $120 million from investors, and private equity investment firm Accelmed Partners, led by its Israeli managing partner Uri Geiger, has announced that it has closed a $400 million fund for investing in US commercial stage, healthtech companies.

In the meantime, ......................

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