Equity L/S, Distressed Securities Pace Dow Benchmarks In March

Apr 5 2007 | 2:25pm ET

All six hedge fund strategies tracked by the Dow Jones Hedge Fund Strategy Benchmarks posted positive returns in March, but most trailed the broader markets, which rebounded from late February’s correction.

Equity long/short was the best-performing strategy, Dow Jones Indexes said, with a 1.76% return (4.12% year-to-date), followed by distressed securities at 1.23% (4.29% YTD).

The quarter’s best-performer, merger arbitrage (6.43% YTD), was the month’s worst, adding only 0.2%. By contrast, the Standard & Poor’s 500 rose 1.12% last month (0.64% YTD) and the Dow Jones Wilshire 5000 1.11% (1.4% YTD).

March’s other market laggards were equity market-neutral (0.8%, 1.26% YTD), event-driven (0.73%, 3.25% YTD) and convertible arbitrage (0.21%, 1.76% YTD).


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note