Hedge Funds Add 0.2% In March

Apr 15 2011 | 1:22pm ET

Hedge funds posted their ninth-consecutive month of positive returns, albeit barely, according to Eurekahedge.

The Eurekahedge Hedge Fund Index added an estimated 0.2% in March, bringing its year-to-date return to 1.33%. Relative value funds led the way, rising 1% (2.23% year-to-date), followed by multi-strategy funds at 0.84% (1.6% YTD) and arbitrage funds at 0.63% (2.33% YTD).

Event-driven funds rose 0.6% in March (1.93% YTD), fixed-income 0.58% (2.24% YTD) and long/short equities 0.56% (1.82% YTD). Distressed debt hedge funds added just 0.38%, but is the best-performing strategy of the year at 3.98%.

Two of Eureka's strategy indices lost ground in March, with commodity trading advisers and managed futures funds dropping 1.03% (down 0.48% YTD) and macro funds edging down 0.06% (up 0.21%).

Regionally, Asia ex-Japan funds did best in a month that saw the massive earthquake, tsunami and nuclear crisis in that country, rising 2.21% (down 0.63% YTD). Japan funds, by contrast, were down 0.86% (up 2.5% YTD). Emerging markets funds were up 2.03% (1.12% YTD).

Funds of hedge funds were basically flat, dropping 0.04% in March (up 0.63% YTD).


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note