NEW YORK, March 18, 2011 /PRNewswire/ -- A new Dow Jones Credit Suisse Hedge Fund Index ("the Index") monthly commentary offers insight into February hedge fund performance. Hedge funds, as measured by the Index, continued to capitalize on opportunities across most global markets as equities, credit and commodities markets rallied. Some key findings from the report include:
The Index posted positive performance in February, up 1.38%, with eight out of ten strategies in the index posting positive performance for the month.
Convertible Arbitrage was the best performing sector in February up 2.90% as managers gained from the continued valuation richening in the space as well as from long-biased positioning with gains coming from special situations and idiosyncratic trades.
Managed Futures managers also posted positive performance of 2.60% as trend followers made gains in commodities – particularly energy and precious metals, which rallied due to the unrest in the Middle East and North Africa.
Event Driven managers posted another positive month, finishing up 1.44% for the month as market rallies continued for both equities and special situations equities that experienced favorable corporate developments.
Industry commentaries and publications are available on the Research section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of February hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
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