14 Apr 2010
- Hedge funds edge higher in March thanks to positive U.S. economic data and easing fears over Greece’s debt, although Q1 performance ends in negative territory
- Over March all hedge fund strategies except Equity Market-Neutral (-0.02%), Fixed Income Arbitrage (-0.10%), and Option Arbitrage (-0.06%) finished the month in positive territory, with the Lipper Hedge Fund Composite Index returning a healthy 0.78% (-0.57% for the first quarter)
- Managed Futures (+1.96%) was the best performing strategy for the month, followed closely by Emerging Markets (+1.75%). Managed Futures benefited from equity and industrial-metals trades and short exposures to the euro, sterling, and Japanese yen
- Long Bias (+1.56%) and Long/Short Equity (+0.89%), focusing on U.S. companies, registered positive returns for March yet lagged the gains posted in the equity markets
- Event-Driven (+0.42%) posted a positive return, driven by credit-focus strategies.
