Hedge funds beat out struggling markets

The Hennessee Hedge Fund Index advanced 1.4% in February but remains down 1.2% for the first two months of the year.
MAR 07, 2008
By  Bloomberg
The Hennessee Hedge Fund Index, which is compiled by Hennessee Group LLC of New York, advanced 1.4% in February, beating out the struggling U.S. market indices, but remains down 1.2% for the first two months of the year. During the month, the Standard & Poor's 500 fell 3.5%, the Dow Jones Industrial Average was off 3% and the Nasdaq Composite Index declined 5%. For the year, the Standard & Poor's 500, the Dow Jones Industrial Average and the Nasdaq Composite have fallen 9.4%, 7.5% and 14.4%, respectively.

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