These 3 hedge fund giants dominated through February's steep coronavirus sell-off

• A group of hedge funds soared past the sinking market to outperform their peers in February.
• The month saw equities reach a record high on February 19 before tanking deep into correction territory the following week.
• Hedge funds seek to post gains during both market jumps and declines, though not all firms outperformed through the chaotic month.
• Here are three hedge fund giants that bested the S&P 500 through February.
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A small group of hedge funds bested February's slump and grew investor capital during the worst week for stocks since the financial crisis.

The S&P 500 index sank more than 8% by the end of last month, tumbling into correction territory after notching a record high as recently as February 19. The bearish shift drove new fears of global recession and prompted experts to lower their expectations for global growth as coronavirus tore into major economies.

Many hedge funds aim to drive gains no matter which direction the broad market moves, yet not all firms grew investor capital through the volatile period. Ray Dalio's Pure Alpha II fund tumbled roughly the same amount as the S&P 500, as did activist investor Christopher Hohn's Children's Investment Fund, according to Bloomberg.

Here are three hedge fund titans who significantly outperformed the ailing equities market through February. Bloomberg first reported on the hedge funds' February figures.