Hennessee: Hedge Funds Up 3% In March

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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of