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Opalesque Industry Updates - Equity Hedge funds posted the strongest gains across 4 main strategies, with a gain of +3.53%, also the strongest gain since May ’09. Gains were broad based across nearly all sub-strategies, strongest in Growth and Quantitative Equity. Event Driven continued the strong performance with 13th consecutive positive month, gaining +2.96%. With the benefit of improving credit markets and liquidity, Event Driven is the top performing strategy YTD gaining +4.36% with contributions from Activist and Distressed strategies. Relative Value funds posted a gain of +1.1%, the 15th consecutive monthly gain. Macro funds recovered early year losses to post a gain of +2.2%, with strength from systematic trend following and commodity oriented exposure. Prior to March, Macro funds had declined by -1.72% YTD with early year losses in Currency and Metals exposures. Regionally, Emerging Markets funds gained +5.24%; with strong gains in funds focused on Russia/Eastern Europe & Middle East; the volatile HFRI Russia/Eastern Europe Index gained 10.2% in March. Full performance table: Source kb |





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