Hedge Funds have made some small gains throughout the month of February, according to a recent report from Reuters. On average, the gains that hedge funds posted were just enough to beat the US stock market index. However, not all hedge funds had a great month.
In particular, it was the larger funds that took the biggest hits. Although there was an increase of about half a percent, it wasn’t quite enough to recoup the losses from the year so far— January saw a decrease of almost 2.5 percent. However, even this loss was a better result than those incurred by the Stock Index (5.4 percent).
A further breakdown shows the biggest gains came from macro hedge funds (over 1.9 percent), while the heaviest hedge fund losses came from those with investors who are gung-ho about changes in strategy.
But not all major players took a hit— big-name hedge fund Renaissance Technologies had a good month, enjoying gains upwards of 3 percent.
At the event, Paulson stated, “‘There is nothing more important to improve humanity than education. For 379 years, Harvard has had a profound global impact across a multitude of disciplines that benefits all of humanity. Today’s gift will help continue that legacy by making SEAS a 21st-century engineering leader. It provides a solid endowment for faculty development, research, scholarships, and financial aid,’” (Harvard Receives Its Largest Gift, Harvard Gazette).
