(Reuters) The average hedge fund posted tiny gains last month to beat the broader stock market index, according to new data released on Monday.Even so, investors and analysts said many of the most prominent funds were nursing heavy losses for the month.
Research firm Hedge Fund Research’s (HFR) Hedge Fund Weighted Composite Index inched up 0.5 percent in February after having dropped 2.46 percent. It was down 2 percent for the year. The broader stock market, having been knocked by fears about growth in China and where interest rates will move next this year, lost 5.4 percent in the first two months of the year.
