Hedge funds flourish in February

The Greenwich Global Hedge Fund Index rebounded in February, jumping 2.21% after January’s drop of 2.79%.
MAR 12, 2008
By  Bloomberg
The Greenwich Global Hedge Fund Index rebounded in February, jumping 2.21% after January’s drop of 2.79%, the largest loss since 2002. The Standard & Poor’s 500 Index ended February down 3.32%, and the FTSE 100, gained 0.8%. The MSCI World Equity Index lost 0.74%. All hedge fund strategy groups posted gains. Directional Trading Group led the pack with a 5.48% bump, mainly driven by investment in commodities, which posted a 7.2% gain in February. The Long-Shot Equity Group also performed well, investing mainly in volatile equity markets and posting a gain of 1.28%. Dedicated short sellers were the top performers among investors for the second month in a row, posting a 4.12% gain. The weakest performance was given by the Market Neutral Group, who nonetheless posted a average return of 1.11%.

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