In a HedgeCo story, the hedge fund index provider Greenwich Alternative Investments LLC., returned +0.61% for February in their Global Hedge Fund Index.

The Greenwich Investable Hedge Fund Index closely tracked the Global Index, returning +0.45% in February and +1.79% year to date, within two basis points of the Global Index return of +1.81% for the year.

"Hedge funds downside protection, coupled with their ability to capture market upside, continues to translate into superior risk-adjusted returns." says Ben Rossman, general manager of Greenwich, "Long-biased managers were able to mitigate the effects of February's declining equities to end the month in positive territory," he said in a press release.

Greenwich Alternative Investments, LLC (and its affiliates) manages one of the world's largest hedge fund databases and is among the oldest providers of hedge fund indices.