A rough data point for the overall hedge fund industry even though I know of many funds that have performed very well YTD…
From FIN Alternatives:
…all hedge fund strategies lost ground in March, according to the Credit Suisse Liquid Alternative Beta indices. The overall index dropped 0.83%, cutting its year-to-date gain to 2.21%.
By contrast, the Standard & Poor’s 500 Index rose about 3% and is up more than 10% on the year.
Managed futures funds were hardest hit on the month, dropping 1.41% to wipe out its 2012 gains. The strategy is down 0.79% on the year.
Event-driven funds shed 1.18% (up 3.11% YTD), global strategies lost 0.9% (up 1.04% YTD), merger arbitrage lost 0.35% (up 0.26% YTD) and long/short funds fell 0.12% (up 4.76% YTD).
The silver lining is that at least the managers made money.
Source:
Hedge Funds Fall in March (FIN Alternatives)
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