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Hedge Funds Beat Mutual Funds in February

The average U.S. hedge fund outperformed the average equity mutual fund, the S&P 500 and the Russell 2000 in February, according to Van Hedge Fund Advisors International, a hedge fund marketer of Nashville, Tenn. While all four groups lost money, the average U.S. hedge fund declined 1.9 percent in February. The average equity mutual fund dropped four percent, the S&P 500 lost 3.1 percent and the Russell 2000 declined 8.1 percent.