Most hedge funds had good news for their investors last month but not John Paulson, who told clients that one of his biggest portfolios lost money, again, Reuters reports.
The HFRI Fund Weighted Composite Index climbed 2.14 percent in February and is now up 4.95 percent for the year, Hedge Fund Research reported on Wednesday.
As one of the $2 trillion hedge fund industry's most closely watched barometers of success, the HFRI index shows that most strategies are making money this year thanks to rallying stock markets fueled by hopes for stronger growth and a solution to Europe's debt problems. The HFRI Equity Hedge Index climbed 6.9 percent in the first two months of the year.
P.S. Even though hedge fund returns trailed the S&P 500 in January and February, their gains still mark the healthiest start for the hedge biz since 2000, HFR said.
Read all about it at http://www.reuters.com/article/2012/03/07/us-hedgefunds-performance-idUSTRE82620F20120307
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