The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 11 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).