Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index continued to rally in February, posting positive performance of 1.44% for the month (based on 72% of assets in the index reporting).

In all , eight out of ten sectors posted positive performance for the month. Managed Futures hedge funds posted positive performance for the month finishing up 2.56%. Trend followers in the commodities space posted the strongest gains in the energy and precious metals sectors.

Managers in the Event Driven space posted another month of positive performance in February, up 1.59% as an increased number of opportunities in the special situations space continued to appear.

Global Macro funds also posted positive performance in February, finishing up 1.26% for the month as managers used their wide investment mandate to profit from positions in commodities and currencies.