9 Apr 2010
The HFRI Fund Weighted Composite Index gained +2.7 in March, the highest gain since September; for the quarter the HFRI gained +2.56%.
- Equity Hedge funds posted the strongest gains across 4 main strategies, with a gain of +3.53%, also the strongest gain since May ’09. Gains were broad based across nearly all sub-strategies, strongest in Growth and Quantitative Equity.
- Event Driven continued the strong performance with 13th consecutive positive month, gaining +2.96%. With the benefit of improving credit markets and liquidity, Event Driven is the top performing strategy YTD gaining +4.36% with contributions from Activist and Distressed strategies.
- Relative Value funds posted a gain of +1.1%, the 15th consecutive monthly gain.
- Macro funds recovered early year losses to post a gain of +2.2%, with strength from systematic trend following and commodity oriented exposure. Prior to March, Macro funds had declined by -1.72% YTD with early year losses in Currency and Metals exposures.
- Regionally, Emerging Markets funds gained +5.24%; with strong gains in funds focused on Russia/Eastern Europe & Middle East; the volatile HFRI Russia/Eastern Europe Index gained 10.2% in March.
- Equity Hedge funds posted the strongest gains across 4 main strategies, with a gain of +3.53%, also the strongest gain since May ’09. Gains were broad based across nearly all sub-strategies, strongest in Growth and Quantitative Equity.
- Event Driven continued the strong performance with 13th consecutive positive month, gaining +2.96%. With the benefit of improving credit markets and liquidity, Event Driven is the top performing strategy YTD gaining +4.36% with contributions from Activist and Distressed strategies.
- Relative Value funds posted a gain of +1.1%, the 15th consecutive monthly gain.
- Macro funds recovered early year losses to post a gain of +2.2%, with strength from systematic trend following and commodity oriented exposure. Prior to March, Macro funds had declined by -1.72% YTD with early year losses in Currency and Metals exposures.
- Regionally, Emerging Markets funds gained +5.24%; with strong gains in funds focused on Russia/Eastern Europe & Middle East; the volatile HFRI Russia/Eastern Europe Index gained 10.2% in March.
