SAC, Passport, RenTech Rise In March

Apr 8 2013 | 11:25am ET

Several prominent hedge funds enjoyed gains last month—and last quarter—while also lagging the broader markets.

SAC Capital Advisors, Jana Partners, Renaissance Technologies and Passport Capital all rose in March. But only Passport's Long Short Fund came close to matching the Standard & Poor's 500 Index, rising 3% to the S&P's 3.1%. Even that fund falls short year-to-date, up only 6.8% while the S&P rose more than 10% in the first quarter.

Passport's Global Fund rose 2.3% in March, according to Bloomberg News, and is up 5.9% on the year. Jana Partners' Nirvana Fund also rose 2.3% last month and is up 8.9% on the year, while the firm's eponymous flagship added 1.5% on the month and 6.1% on the quarter.

RenTech's Institutional Diversified Alpha Fund added 1.4% through March 15 and is up 6.6% on the year through that date. SAC's International Fund rose 1% through March 31, and 4.5% in the quarter.

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