New York (HedgeCo.net) – The best regional performance was delivered by Japanese hedge funds, gaining 2.62% in February. Japanese hedge funds investing in financial and insurance stocks, as well as material and mining companies, posted healthy gains – the Nikkei 225 was up 3.77% during the month.
Hedge funds in general were up for the eighth consecutive month in February gaining nearly $30 billion through net inflows in the first two months of 2011, which saw assets under management crossing $1.7 trillion for the first time since September 2008.
Returns from European hedge funds were also positive in February, up 0.55%, while Eastern Europe & Russia-investing funds gained 1.22%. Asia ex-Japan hedge funds witnessed losses to the tune of 1.32% amid declines in underlying markets – the MSCI Asia Pacific ex Japan Index was down 2.36%.
Most other hedge funds also delivered positive returns, with North American hedge funds gaining 2.16% in February. The S&P 500 was up 3.20% in the month, reaching a 32-month high in the third week of the month before declining slightly near the month-end due to heightened geopolitical tensions.
Editing by Alex Akesson
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