Hedge Fund News From HedgeCo.Net


Hedge Funds See Second Month Of Gains In 2015, Up 1.59%

SONY DSCNew York (HedgeCo.Net) – Investor allocation activity saw an uptick in February as hedge funds recorded inflows of $6.8 billion during the month, according to today’s Eurekahedge March Index Flash Update.

Distressed debt funds delivered the best performance among all strategic mandates, up 3.03% in February as their bets on distressed oil and gas producers paid off. All regional and strategic mandates ended the month in positive territory with managers focused on developed markets posting the strongest returns.

The Eurekahedge Hedge Fund Index up 1.59% in February, trailing the MSCI World Index which ended the month with a strong finish, gaining 5.47%.

Key takeaways for the month of February 2015:

  • Eastern Europe and Russia mandated hedge funds were the top performers during the month with gains of 12.49%, snapping a seven month losing streak.
  • India focused managers were down 0.51% during the month – their first month of negative returns after a 12 month winning streak.
  • On a year-to-date basis, CTA/managed futures strategies lead the strategy return map with gains of 3.98%, and have recorded net asset inflows of $4 billion. This comes after investors redeemed $16 billion from the strategy in 2014 alone.

Volatility faded away amid increasing investor confidence as stock markets continued their upwards march in February, with the CBOE VIX Index falling from 20.97 to 13.34 as equities closed the month on multi-year highs.

Distressed debt and event driven fund managers rose back into prominence after being at the bottom of the table in January, posting the largest returns out of all strategic mandates at 3.03% and 2.73% respectively, attributing gains to their long positions in the high yield bonds sector as the BofA Merrill Lynch High Yield Index gained 2.33%.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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