The Preqin All-Strategies Hedge Fund benchmark generated a loss of 10.38% in Q1 2020, all but erasing the annual gain of 10.97% made in 2019.

But given that the S&P 500 Index fell by 20.00% in the first quarter of this year, hedge funds performed better than traditional stock market funds, said Preqin in its special report, 'COVID-19's Impact on Alternati