Long/short equities escape broader decline.
Long/short equity funds were doing what they do best in February - preserving capital. The Absolute Return U.S. Equity Index lost a mere 1.32% for the month, for a decline of 0.95% for the year through February.
The Absolute Return Global Equities Index lost 1.3% in February, for a year-to-date loss of 1%. By comparison, the broader equity market declined...