HedgeWeek – The dissident voice of the outspoken shareholder activist may have grown slightly louder in February, as Event Driven hedge funds led a strong month of hedge fund industry gains, with the HFRI ED: Activist Index posting the strongest monthly gain in two years.
Overall, the HFRI Fund Weighted Composite Index® posted a gain of +1.85 per cent for the month, the best performance for the broad-based composite since February 2014, with gains across all strategies led by Event Driven, Equity Hedge and a recovery in Energy-focused strategies. The HFRI Fund of Hedge Funds Index advanced +1.63 per cent for the month.
