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Portfolio > Alternative Investments > Hedge Funds

Hedge Funds Move Up, Trail Equities, in FTSE Index

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LONDON (–The FTSE Hedge Global Index posted a return of 0.77% in U.S. dollar terms for February, and was up 0.84% in sterling.

According to FTSE, the best returns were reported the directional style segment, which includes equity hedge, commodity trading advisers and global macro funds. That grouping was up 1.46% in February.

Equity hedge funds in particular posted strong performance, with a gain of 1.8% last month. Still, that was not enough to best the FTSE All-World equity index, which was up 3.3% for the same time period.

As noted by FTSE officials, developed equity markets have posted decent gains despite increases in short-term interest rates and rising oil prices. Global macro managers benefited–with a return of 1.5%–as did event-driven and distressed managers, albeit with smaller returns, of 0.1% and 0.5% respectively.

For the 12 months preceding, event-driven as a whole moved up by 2.4%, while distressed-strategy managers posted the highest returns of all, 7.1%. Another-top performing strategy for the year’s span was equity hedge, with a gain of 5.1%, according to FTSE. Still, the three hedge fund styles in the FTSE index–directional, event-driven and non-directional–failed to outdo the FTSE world equity index, which was up 10.9% over the 12 months ending Feb. 28.

Contact Bob Keane with questions or comments at: [email protected]”>.


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