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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of