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: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note