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Global financial markets gained in February, despite paring intra-month gains into month end as US interest rates & expectations for inflation increased. US equity gains were led by small cap, cyclical and Energy sectors, while global gains were led by France, Italy, Japan & Korea. US interest rates rose as the US Dollar gained against most currencies. Commodity gains were again led by Oil, while Natural Gas, Copper & Platinum also gained; agricultural gains were led by Sugar, Coffee & Hogs.
The HFRI-I Liquid Alternative UCITS Index posted a gain of +1.05% in January.

HFRI-I Equity Hedge Index gained +1.54%
HFRI-I Event Driven Index gained +1.79%
HFRI-I Macro Index gaoned +0.87%
HFRI-I Relative Value Arbitrage Index posted a gain of +0.22%

Comments reference performance as of February 26, 2021