Tuesday, 28 July 2015
Last updated 3 hours ago
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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…