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Saturday, 21 January 2017
Last updated 4 hours ago
Apr 16 2010 | 12:04pm ET
With stock markets around the world soaring, March’s rising tide lifted almost all hedge funds, according to the Barclay Hedge Fund Index.
Seventeen of BarclayHedge’s 18 strategy indices enjoyed positive returns in March, although all trailed the Standard & Poor’s 500 Index on the month. BarclayHedge founder Sol Waksman said nearly 87% of the funds reporting were up last month, pushing the overall index up 3.08%.
The benchmark is up 3.43% through the first quarter.
Emerging markets funds did best in March, rising 5.23% (4.06% year-to-date), followed by healthcare and biotechnology funds at 5.15% (6.27% YTD). Equity long-bias funds jumped 4.03%, technology funds 3.85%, Pacific Rim stock funds 3.84% and distressed securities funds 3.79% (6.7% YTD).
Only equity short-bias funds took a dive in March, falling 6.22% on the month to drag it down to 6.13% on the year.
Funds of hedge funds rose 1.73% last month (1.41% YTD).