Hedge funds marginally up in February

The year-to-date performance for hedge funds globally is still in the red -– but only by 18 basis points. However, Asian funds are down further.

The HFRI Fund Weighted Composite Index recorded a gain of 0.52% for February, following a slight down month in January, bringing 2010 performance to an overall decline of -0.18%.

Asian funds underperformed -- with the regional hedge fund index falling by 0.71%. Funds in Asia are now down 2.55% in 2010.

After two months of losses, macro strategies were the best performers, with a gain of 0.75% for February, according to HFRI.

The individual fund numbers are now out for the full year of 2009 and, according to Eurekahedge, the best-performing Asian macro ...