Opalesque Industry Update - Hedge funds gained 0.34% during the month of March, bringing its first quarter performance to a gain of 2.29%. Meanwhile underlying markets as represented by the MSCI AC World Index (Local) gained 0.79% during the month, with first quarter gains of 5.06%. March was marked by investor scepticism over the Trump administration as proposed healthcare reforms to replace Obama's Affordable Care Act did not meet intended outcomes. This led to an overall cautious sentiment in the market over the administration's ability to deliver reforms in other sectors as promised during Trump's campaign. Aside from developments in the White House, the Fed has delivered on market expectations by raising the interest rate in March though the pace of interest rate hike remains largely unchanged at an average of three rate hikes for the year. Outside of the US, the triggering of Article 50 has kick-started the official Brexit process. Strength in the Eurozone inflation rate has also propped up expectations of tightening from the ECB, which could see a convergence of monetary policy outlook for the world's major central banks in the next 12 months. Below are the key highlights for the month of March 2017:
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Industry Updates
Hedge funds see 2.29% gains for 1Q 2017
Wednesday, April 12, 2017
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