(Hedgeweek) Hedge Funds lost 1.53 per cent in February according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 3.69 per cent decline in the S&P 500 Total Return Index. Year to date, the Barclay Index remains up 0.52 per cent, but lags the S&P which has gained 1.83 per cent. “Reports of increasing wages, a strengthening economy, and job growth in the US stoked inflation fears and set the stage for the Dow’s decline of 1,175 points on 5 February, its worst ever single-day loss,” says Sol Waksman (pictured), founder and president of BarclayHedge. Thirteen of Barclay’s 17 hedge fund indices lost ground in February. The Global Macro Index was down 3.08 per cent, Equity Long Bias lost 2.78 per cent, Pacific Rim Equities were down 2.14 per cent, and the Event Driven Index gave up 1.42 per cent.
Barclay Hedge Fund Index Down 1.53 Per Cent in February
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