Podcast Center
Video Center
Webcasts
Resource Center
Events
March 24, 2003 at 07:00 PM
NEW YORK (HedgeWorld.com)–February was a so-so month for hedge funds tracked by Morgan Stanley Capital International, according to preliminary data with 61% of funds reporting.
The MSCI Hedge Fund Composite Index returned 0.5% in February and was up 1.9% year-to-date. In the same periods, the Standard & Poor’s 500 stock index returned negative 1.5% and negative 4.4%, respectively. The MSCI World Equity Index fell 1.9% in February and dropped 5% in January and February. The MSCI Sovereign Debt Index returned 1.4% in February and 2.9% year-to-date through February.
Among MSCI’s five hedge fund process groups, the MSCI Directional Trading Index–futures funds and global macro funds–turned in the best performance in February, with a return of 2.9%, bringing its year-to-date return through February to 6.3%. MSCI revised its January return for the category to 3.3% from 3.7%.
The MSCI Specialist Credit Index returned a healthy 1% in February and 3.2% in the first two months of the year. That group’s January return was revised upward to 2.2% from 1.3%. The Specialist Credit Index is made up of funds that are primarily fixed-income securities.
