Greenwich: Hedge Funds Edge Down In March

Apr 11 2011 | 2:33pm ET

Hedge funds posted widely disparate returns in March, with the average fund suffering a small drop, according to Greenwich Alternative Investments.

The Greenwich Global Hedge Fund Index shed 0.1% last month, leaving it up 1.4% on the year. Returns for its various strategy and substrategy indices varied widely, from a 1.5% surge to a 1.8% decline. But most strategies gained or lost less than 1% on the month.

Market-neutral funds, generally, did best; so-called "other" arbitrage, excluding convertible and fixed-income, clocked a 1.5% return (1.5% year-to-date) and distressed securities rose 1.2% (4.9% YTD). Arbitrage funds generally added 0.7%, while event-driven and equity-market neutral funds rose 0.5% each (3.2% and 1.1% YTD, respectively).

Long/short equity funds and special strategies funds each returned an average of 0.4% (2.1% and 2% YTD, respectively). Directional trading strategies, however, took a beating, losing an average of 1.5% (down 1% YTD), with futures funds dropped 1.8% (down 1% YTD) and macro funds 0.8% (down 0.6% YTD).


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note