New York (HedgeCo.net) — After a good start into the year the UCITS Hedge Fund Strategy (HFS) Index was able to continue its positive performance with gains of +0.99% in February 2012. The first three days into the month already saw the broad index gain +0.34%, a trend that continued with additional gains of +0.30% in the second week of trading. The momentum nearly came to a halt in week three with gains of +0.10% and a loss of -0.16% in week four, but the positive trend gained the upper hand and added +0.38% to the monthly performance during the last three days of trading in February.

From a sub-strategy perspective ten out of the eleven strategies posted positive returns in February, the best performing strategies being Convertible (+3.08%), L/S Equity (+1.78%) and Global Macro (+1.33%). All three of them struggled in the third week of the month, although Convertible being the only one not to post a weekly loss. The only strategy in the red in February was Market Neutral with a loss of -0.03%. Although things looked slightly positive in the first half of February this trend was reversed in the third week of trading, turning negative in the second half of the month. All sub-indices are positive in 2012 so far, Convertible looking strong in particular with gains of +6.57% this year already. The broad UCITS HFS Index now stands at +2.55% in 2012 from a year to date perspective.