Saturday, 24 January 2015
Last updated 1 day ago
Apr 13 2010 | 8:58am ET
Hedge funds rallied in March to erase their early-year losses, with all strategies and regions participating in the black-ink party.
The average hedge fund rose 2.54% last month, according to the Eurekahedge Hedge Fund Index. On the year, hedge funds are up an average of 2.16%, far behind the broader markets, with the Standard & Poor’s 500 Index up 4.87% on the year after a 5.88% jump in March.
All strategies and regions tracked by Eurekahedge posted gains last month, and all are up year-to-date, none more so than distressed debt. Those funds returned an average of 4.27% last month and are up 7.35% through the first quarter. Distressed debt funds have soared 49.08% over the past 12 months.
Long/short equity funds also did well, returned 3.04%.
Eureka also reports that initial reports point towards another month of net inflows for the hedge fund industry.
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…