Opalesque industry update – Some key findings from the March 2013 report, "Monthly Hedge Fund Market Commentary" include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished
March up 1.21%, with 9 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $1.78 billion in March, bringing
overall assets under management for the industry to approximately $1.82 trillion;
The Fixed Income Arbitrage and Convertible Arbitrage sectors experienced the largest asset
inflows on a percentage basis, with inflows in March equal to 1.48% and 1.04% of the
February 2013 levels, respectively;
Event Driven funds sustained overall positive performance in March, in the backdrop of
record high levels in US equity markets and continued price appreciation of corporate debt;
Long/Short Equity funds produced positive returns in March benefitting not only from the continued strength of equity markets, but also from managers’ stock-picking and portfolio management abilities. Managers benefitted from exposure to Healthcare and Consumer Staples both in U.S. and Europe.
Click here to view the full report: www.hedgeindex.com/hedgeindex/documents/March_2013%20Monthly%20Hedge%20Fund%20Commentary.pdf, 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.