The Greenwich Global Hedge Fund Index (GGHFI), which currently includes 1091 hedge funds, returned 2.21% in February, rebounding from January’s poor returns.
The S&P 500 and MSCI World Equity posted negative returns, while the FTSE 100 gained. All hedge fund strategy groups ended the month with gains.
"February’s rebound in the midst of market uncertainty continues to highlight the diversification benefits of hedge funds," notes Margaret Gilbert, Greenwich Managing Director.
Directional Trading Group’s return was the strongest, driven largely by futures managers who capitalized on volatile commodities markets. Long-Short Equity Group strategies also benefited from choppy equity markets and for the second month in a row, dedicated short sellers were the top performers in this group.
Greenwich Alternative Investments currently manages one of the world’s largest hedge fund databases.