(Opalesque) Hedge funds posted mixed performance in February, led by fixed income-based Relative Value Arbitrage strategies, as global equities and commodities suffered steep declines on spreading coronavirus contagion fears. The investable HFRI 500 Relative Value Index gained +1.3 percent for the month, led by arbitrage positions, primarily long fixed income and short equity exposures.
HFRI 500 Relative Value gains in February as global equities plunge on contagion fears
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