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HFR: Hedge Funds Down In February

Algorithm based hedge funds fell in February, despite being one of the most consistently performing strategies for the last five years, as volatility raged through the second month of the year. According to data from Hedge Fund Research, the HFRI Equity Hedge: Quantitative directional Index and the HFRI Macro: Systematic Diversified index were two of the worst performing indices in February with losses of -2.28 and -6.49, respectively. The losses wiped out all gains in the HFRI Macro: Systematic Diversified index from January when it returned 4.75. The month as a whole was one of the worst in over a year for hedge funds overall...