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Alternative Market Briefing

Emerging markets-focused hedge funds lead performance in March as industry falters

Tuesday, April 17, 2018

Komfie Manalo, Opalesque Asia:

Only hedge funds with a focus on emerging markets attained positive returns in March and were up 0.10% during the month, according to Preqin's latest Hedge Fund Performance update. The positive result builds on a strong January to take 2018 YTD returns to a positive 2.29%.

Across the industry, the Preqin All-Strategies Hedge Fund benchmark generated -0.63% last month, marking the second consecutive negative month for the benchmark in 2018.

On a strategic basis, only credit strategies posted positive gains in March. In fact, this benchmark return of 0.15% was the strategy's 24th consecutive month of positive returns.

Event driven hedge funds posted the largest losses of all top-level strategies, ending the month down 1.49%. This marks the benchmark's worst monthly performance since January 2016 (-3.16%).

Other hedge fund benchmark fell too

Preqin's results reflect the performance of other hedge fund benchmarks. However, March's overall negative hedge fund industry returns of -0.46% obscure the fact that just north of 50% of hedge funds tracked by eVestment had positive performance for the month. In many cases, hedge fund managers have handled recent volatility well despite two consecutive months of negative performance.

On a strategy basis, credi......................

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