Equity strategies led hedge funds to a robust 2.5% return in February, the best monthly performance in two years for the Preqin All-Strategies Hedge Fund benchmark.
Equity strategies returned 3.3%, following a small loss in January, alternatives data provider Preqin reported Tuesday.
Activist and event-driven hedge funds also did well in February, up 3.2% and 3.1%.
Credit strategies, which have posted only two losing months since July 2013, continued their winning streak, up 1.6%.
In contrast, commodity trading advisors, which led the benchmark in January with a 3.1% return, barely saved face in February with a 0.2% return. Plummeting oil prices led to CTAs’ weakest monthly performance since October, Preqin reported.
Funds of funds generated a 1.7% return in February, their fourth positive monthly return in a row, and are up 4.8%over 12 months.