Hedge funds fell in February as the global financial market posted steep declines and US interest rates increased, data tracker Hedge Fund Research said. The HFRX Absolute Return declined -0.35% during the month (+0.45% YTD) and the HFRX Equal Weighted Index also dropped -2.42% (-0.04% YTD).

On a positive note, the HFRX Relative Value Arbitrage Index gained +0