Friday, 29 July 2016
Last updated 50 min ago
Apr 7 2011 | 11:22am ET
Hedge funds outstripped the S&P 500 during a volatile March, gaining 0.3% according to the Hennessee Group hedge fund advisor.
Japan’s nuclear crisis and upheaval in the Middle East triggered broad selloffs in March, but a rally at month’s end resulted in most of the losses being recouped.
"Many hedge funds were 'whipsawed' as they became more defensive mid-month as risks increased, which resulted in less participation during the late month rebound," Hennessee co-founder Charles Gradante told the Wall Street Journal.
The S&P 500 slipped 0.1%, while the Dow Jones Industrial Average gained 0.76%. The Nasdaq Composite Index edged down 0.04% in March.
The Barclays Aggregate Bond Index rose 0.06% and Barclays High Yield Credit Bond Index added 0.32%.