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Opalesque Industry Update - Hedge fund performance was mostly positive in March, reporting a gain for the fifth consecutive month. The Greenwich Global Hedge Fund Index was up +0.25% and closed out the first quarter up +2.29%. Volatility in US equity markets provided some trading opportunities but the S&P 500 ended the month close to flat. International equities were mixed, with the MSCI World Index up +0.82% while the Nikkei 225 lost -1.10%. Bonds were down a moderate -0.05%, as represented by the Barclays Aggregate Bond Index. Global Index Strategy Highlights • The Long-Short Equity Group was the best performing index in March and in Q1, up +1.03% and +4.15%, respectively. Expectedly, Growth funds boast the best Q1 performance, up +5.51%. • Funds with a regional focus continued their strong starts to the year, particularly Asia. Asia Developed Markets and Asia Emerging Markets were up +1.70% and +2.46%, respectively, topping all other Greenwich Indices in March. • Several indices reported their first down months in over a year, including Distressed Securities (down -0.93%) and Convertible Arbitrage (down -0.15%).
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Industry Updates
Greenwich Global Hedge Fund Index up +0.25% in March, +2.29% in Q1
Tuesday, April 25, 2017
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