Industry Updates

Greenwich Global Hedge Fund Index up +1.18% (est.) in March and +3.86% for the first quarter 2013

Thursday, April 04, 2013

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Opalesque Industry Update - Hedge funds are off to a good start for 2013 as the first quarter comes to a close. Initial estimates show all strategies posting positive first quarter returns as well as positive returns for the month of March.

• Arbitrage strategies were the most successful in March according to initial estimates, adding +2.59% in the month to bring their first quarter return to +4.60%

• Long-Short Equity was the second best performer in March gaining +1.47% on average and the top performer on a quarterly basis, finishing 1Q2013 up +5.64%

• Uncertainty seems to continue to plague some managers with Equity Market Neutral and Long-Short Credit improving only slightly in March up +0.33% and +0.24% respectively

	Mar-13*	YTD
Greenwich Global HF Index	1.18%	3.86%
Equity Market Neutral Index	0.33%	2.10%
Event-Driven Index	1.36%	4.19%
Arbitrage Index	2.59%	4.60%
Long-Short Equity Index	1.47%	5.64%
Futures Index	0.70%	0.90%
Macro Index	1.10%	3.00%
Long-Short Credit Index	0.24%	1.95%
Multi-Strategy Index	0.72%	2.84%