HFR: Emerging Markets Strongest In March

Apr 17 2007 | 4:20pm ET

Emerging markets funds paced hedge fund returns in March, according to data from Hedge Fund Research.

The firm’s HFRI Indices showed that last year’s hot strategy, which got off to something of a slow start in 2007, returned 2.17% last month, rising to 5.06% year-to-date. The HFRI Fund Weighted Composite Index, for its part, returned 0.93% on the month (2.81% YTD).

The year’s other top performer so far, merger arbitrage, had a slower month, rising just 0.19%, but remains up 4.83% year-to-date.

Only one of the eight strategies tracked by HFR was in the red last month: macro, which declined marginally by 0.05% and is up just 0.61% year-to-date, by far the worst performance to date in 2007.

Funds of funds also posted a mostly positive month, with the HFRI Fund of Funds Composite Index rising 0.86% in March (2.98% YTD). It’s market defensive subindex fell 0.28% on the month (up 1.14% YTD), while the other three subindices rose between 0.84% and 0.96%.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of