Wed, Oct 7, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge funds up 0.30% in March - Hennessee Group

Thursday, April 07, 2011

Charles Gradante
Opalesque Industry Update - Hennessee Group LLC, an adviser to direct hedge fund investors, announced today that the Hennessee Hedge Fund Index advanced +0.30% in March (+2.50% YTD), while the S&P 500 declined -0.10% (+5.43% YTD), the Dow Jones Industrial Average increased +0.76% (+6.41% YTD), and the NASDAQ Composite Index fell -0.04% (+4.83% YTD). Bonds advanced, as the Barclays Aggregate Bond Index increased +0.06% (+0.43% YTD) and the Barclays High Yield Credit Bond Index advanced +0.32% (+3.88% YTD).

“March was challenging as markets initially sold off sharply on escalating conflicts in the Middle East and tragic events in Japan. However, markets were able to rally back during the last couple weeks to finish the month roughly unchanged,” commented Charles Gradante, Co-Founder of Hennessee Group. “Many hedge funds were ‘whipsawed’ as they became more defensive mid-month as risks increased, which resulted in less participation during the late month rebound.”

(press release)


kb The full performance press release will be distributed Monday, April 11.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with

  4. A hedge fund strategy that seems to have fizzled[more]

    From The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into ma

  5. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i