Opalesque Industry Update - After a strong start to the year, hedge fund performance dipped in February with several strategy types - including Commodity and Equity strategies - experiencing negative months. According to Citco group of companies (Citco) report, following one of the best opening months to a year since the start of the decade, funds administered by the saw a decline in performance in February, with a weighted average return of -0.3%. Nonetheless, year-to-date (YTD) the weighted average return for hedge funds still stood at 3.7%. These are some of the findings from Citco's Monthly Hedge Fund Update, which explores performance, capital flows, trade volumes and treasury volumes during the month of February. |