The hedge fund industry posted a collective investment return of 2.2 percent in February, which was its best in two years, industry trackers TrimTabs and BarclayHedge said Tuesday.
The 3,600 funds tracked by the two groups took in $7.2 billion in assets during the month, which was the largest intake in six months.
But hedge funds continued to lag the S&P 500, which returned 5.5 percent over the same period. In addition, the first two months of 2014 had a net inflow of $31.6 billion, compared to a net outflow of $4.1 billion during the first two months of this year.
Over the past year, hedge fund asset growth is down 57 percent from the previous 12 months, according to the report.
Fairfield County houses some of the largest hedge funds in the world, including Bridgewater Associates.
