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DJ Credit Suisse hedge fund index finishes Q1 up 4.04%; industry saw outflows of $1.33bn in March

Wednesday, April 25, 2012
Opalesque Industry Update – The Dow Jones Credit Suisse Hedge Fund Index finished up 0.05% in March 2012. (Earlier estimated numbers here: Source).

A new monthly commentary offers insight into hedge fund performance through the month of March. Some key findings from the report include:

 Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished March up 0.05%, with 5 out of 10 strategies in positive territory;

 In total, the industry saw estimated outflows of approximately $1.33 billion in March, bringing overall assets under management for the industry to approximately $1.75 trillion;

 The Convertible Arbitrage and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis in March, with inflows of 1.18% and 0.76% from February 2012 levels, respectively;

 Long/Short Equity was positive for the third month in a row. Three-month equity market correlation continued its downward descent, which was beneficial for both the long and short sides of the book and provided greater upside capture than Long/Short Equity funds have had in the past few months;

 The long Emerging Market FX themes, which were positive sources of Global Macro manager performance for January and February, partially reversed on the month leading to lower performance for the sector; and

 On the relative value front, managers showed mostly positive performance in March. Fixed Income Arbitrage managers posted gains as managers have, in some instances, been able to produce positive performance through tactical trading approaches.

Industry commentaries and publications are available in the "News" section of the website, www.hedgeindex.com.

Click here to view the full report, which includes an overview of March hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

BG

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