Hedge Funds Up 2.41% in March; Emerging Mkts. Jump 4.74%

Apr 16 2009 | 1:23am ET

Hedge funds gained 2.41% in March according to the Barclay Hedge Fund Index, which is up 0.82% year-to-date.

“After an 8% sell-off in early March, the Standard & Poor’s 500 Index bounced back to gain 17% from March 9 to March 31, its largest 3-week rally since 1987,” Sol Waksman, founder and president of BarclayHedge, said.

Overall, 15 of Barclay’s 18 strategy indices gained ground in March. Emerging markets jumped 4.74%, equity long-bias gained 3.51%, technology rose 3.20%, Pacific Rim equities gained 2.65%, healthcare and biotechnology rose 2.36% and convertible arbitrage was up 2.25%.

“Emerging market funds did exceptionally well in March, driven by double-digit returns in the equity markets in Brazil, Russia, India and China,” Waksman said. “With the sudden upturn in equity markets, equity long-bias had its strongest one-month performance since gaining 4.72% in January of 2006.”

The Barclay Fund of Funds Index gained 0.23% in March, and is up 0.61% in 2009.

ADVERTISEMENT  
Ponzi, 'Pornzi', scam, fraud, redemptions.
Remember, you heard it here first! 
Sign-Up for FINalternatives Daily, it's free!


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of