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In the week ending April 17th 2020, Backstop BarclayHedge said the hedge funds posted 8.03% loss for March as the hedge fund industry tracked the fates of other markets and broader economies roiled by the novel coronavirus pandemic in the month. However, the hedge fund industry fared much better than the S&P Total Return Index which was down 16.2% for the month.

eVestment's numbers put hedge fund losses at an average of -7.25% in March 2020 bringing YTD returns to -9.87%. March's average loss was the second largest on record, and largest since the height of the global financial crisis in October 2008 when the average fund lost between 8%-9%.

However, in Opalesque's Corona Fighters Reports #6 to #10, the Opalesque team has featured dozens of asset managers that delivered in the downturn and thus bucked the trend.

Meanwhile, in the space of alternative strategies, Global Macro and Event-Driven strategies rebounded the most since March 23rd, as market conditions improved in the wake of the aggressive Federal Reserve announcements to tame risks in the financial system, Lyxor said.

In performance news, Bridgewater Associates' flagship hedge fund rose 14.6 per cent last year as stocks fell broadly; Billionaire Chris Rokos's macro hedge fund had its best month ever, gaining 14% in March amid market chaos fueled by the coronavirus pandemic; The energy fund at Zimmer Partners posted its worst quarter ever after sinking about 46% in March as oil markets p......................

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