Opalesque Industry Update - Hedge funds were up 0.46% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 2.57% through the end of the first quarter, versus a return of 0.95% for the S&P 500.
“Prices for risk assets declined in March as the headwinds fomented by weaker than expected consumer spending and durable goods orders, together with a strengthening US Dollar, drove equities and commodities lower,” says Sol Waksman, founder and president of BarclayHedge. Overall, 16 of Barclay’s 18 hedge fund indices had gains in March. The Healthcare & Biotechnology Index was up 1.71%, European Equities gained 1.15%, the Equity Market Neutral Index was up 1.12%, and Global Macro rose 1.10%. On the losing side, the Equity Short Bias Index was down 0.80%, and the Technology Index lost 0.37%. Equity Short bias has lost 4.05% year to date. At the end of the first quarter in 2015, Healthcare & Biotechnology has gained 8.28%, European Equites have gained 4.14%, Global Macro is up 3.99%, Equity Long/Short has gained 2.85%, Equity Long Bias is up 2.60%, and the Multi Strategy Index has added 2.55%. The Barclay Fund of Funds Index gained 0.66% in March, and is up 2.69% for the year. Press Release
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Industry Updates
Barclay Hedge Fund Index Up 0.46% in March (+2.57% YTD)
Wednesday, April 22, 2015
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