Hedge funds climb in February
The Dow Jones Credit Suisse Hedge Fund Index gained 1.61 per cent in February, with nine out of 10 sub-strategies finishing in positive territory.
The index also performed strongly in January and is now up 3.98 per cent for the year to date, but is still 0.7 per cent down on a one-year basis.
The only sub-strategy that failed to gain ground was dedicated short bias, which lost 4.66 per cent. It was also the only sub-strategy to lose ground in January and is now down almost 12 per cent so far in 2012.
Emerging markets and long/short equity are the two best-performed sub-strategies, each up more than 6.5 per cent in the year to date.
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
