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.

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

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…