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April 18, 2013 /PRNewswire/ --
The Dow Jones Credit Suisse Hedge Fund Index finished up 1.21% in March. A new monthly commentary offers insight into hedge fund performance through the month of March. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished March up 1.21%, with 9 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $1.78 billion in March, bringing overall assets under management for the industry to approximately $1.82 trillion;
The Fixed Income Arbitrage and Convertible Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in March equal to 1.48% and 1.04% of the February 2013 levels, respectively;
Event Driven funds sustained overall positive performance in March, in the backdrop of record high levels in US equity markets and continued price appreciation of corporate debt; and,
Long/Short Equity funds produced positive returns in March benefitting not only from the continued strength of equity markets, but also from managers' stock-picking and portfolio management abilities. Managers benefitted from exposure to Healthcare and Consumer Staples both in U.S. and Europe.