HFRI Slips 0.17% In March

Apr 8 2011 | 11:54am ET

Unrest in the Middle East and Japan’s nuclear crisis affected all financial markets in March and hedge funds were no exception as Hedge Fund Research’s HFRI Weighted Composite Index slipped 0.17% for the month.

Gains by event-driven, relative value arbitrage and equity strategies were offset by macro losses, says HFR.

The Nikkei 225 declined over 8% in March and Japan-focused hedge funds took a hit, reporting an average decline of 0.72% for the month.

Emerging markets gained 1.15% for the month, thanks to positive results from Asia ex-Japan, Latin America, and multiple emerging markets which were only partially offset by losses in Russia/Eastern Europe. Macro strategies were the big losers in March, shedding 1.31%.

Event-driven strategies recorded a seventh straight month of gains, adding 0.61% in March, as did equity hedge, up 0.31%. Relative value strategies also recorded a positive month, adding 0.49%.

The HFRI fund of funds index shed 0.13%, echoing the performance of the HFRI Weighted Composite Index.

 


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...