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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...