Opalesque Industry Update - The Greenwich Global Hedge Fund Index ended the month of March down -0.16%. Equity markets were mixed in March with the S&P500 +0.84% but the MSCI World Index down -0.09%. Bond markets as measured by the Barclays Aggregate Bond Index were down -0.17%. March saw the beginning of a rotation back into emerging market equities with the MSCI Emerging Markets index up 2.92%.
Hedge Fund Strategy Highlights Long-Short Equity Strategies were the second best strategy for both March and the first quarter with returns of +0.27% and +2.05% respectively. Market neutral strategies had a difficult month with Event Driven strategies down -0.39% and Equity Market Neutral -0.20%. Futures managers were the worst performing group down -0.84% giving them a loss for the first quarter of -0.64%. |