Wednesday, 28 January 2015
Last updated 6 hours ago
Apr 9 2010 | 1:24am ET
Hedge funds enjoyed their best month in six in March, soaring more than 3%.
The average hedge fund rose 3.05%, according to the Hennessee Group. The Hennessee Hedge Fund Index is up 3.35% since January. Both figures trailed the Standard & Poor’s 500 Index, which jumped 5.88% last month and is up 4.87% on the year.
Emerging markets funds did best, rising 5.47% on the month. Financials hedge funds added 5.36%, distressed funds 5.32% and Asia-Pacific funds 5.28%.
Unsurprisingly, short-biased hedge funds suffered on the month, losing 5.24% in March (down 5.6% year-to-date).
“Investors remain willing to assume greater levels of risk, and equity markets rallied sharply in March,” Hennessee’s Charles Gradante said.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…