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Quantitative CTAs gain on Currency, Fixed Income exposures; Technology, Activist strategies lead declines
CHICAGO, (March 7, 2016) – Hedge funds posted gains in February, outperforming US equities for the third consecutive month, as equity, credit and energy markets traded in a wide and volatile intra-month range, according to data released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index® (FWC) advanced +0.5 percent for the month, bringing the FWC to an Index Value of 12040.78, with gains again led by Macro and quantitative, trend-following CTA strategies. February represents the strongest FWC monthly gain since October 2015 and brings the YTD performance to -2.0 percent, leading equity benchmarks across US, Europe, Asia and Emerging Markets. The HFRI Asset Weighted Composite Index declined -0.9 percent for the month, bringing YTD performance to a decline of -2.6 percent.