The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 13 hours ago
Apr 17 2009 | 9:55am ET
Another set of hedge fund indices show that investors would have been better off with a stock index mutual fund last month.
The Lyxor Global Hedge Fund Index dropped 0.38% in March, one of the few hedge fund indices to actually lose ground on the month. In the first quarter, the index rose 0.42%.
Most hedge fund indices posted a return in excess of 1% last month.
Unsurprisingly, hedge funds going long last month had the best time of things, although they still failed to match the equities rally. Long-bias funds returned 4.3%, Lyxor said.
Up north, Canadian hedge funds failed to catch the rally wave, as well. The Scotia Capital Canadian Hedge Fund Performance Index rose just 1.39% in March, while the S&P TSX Composite Index soared 7.4%. Year-to-date, Canadian hedge funds are up 5.62%.
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