Hedge fund industry may have outperformed S&P’s by 19%

HedgeFund.net reports that hedge fund managers suffered small losses on average in February and outperformed slumping equity markets, according to Reuters. Last month an index of managers compiled by HedgeFund.net slipped 0.04%.

The agency noted that inasmuch as one of the worst-performing hedge funds may have shut down or stopped reporting results to databases like the one run by HedgeFund.net average performance of the industry will look now better.

And even as the stock markets across the globe are further sliding down February is a second month of steady performance by the hedge fund industry. And though hedge fund managers are still to report losses hedge funds will likely have outperformed the S&P 500 Total Return Index by almost 19%, HedgeFund.net said. This will be the biggest consecutive, combined monthly out-performance over equity markets since the stock market crash in October and November of 1987. That year, hedge funds outperformed the S&P by nearly 24%, HedgeFund.net noted.