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Hedge fund returns generally outran the broader market last month, and many strategies had similarly strong results for the first quarter as well.
"Hedge funds continue to outperform the S&P 500 index, with technology, Asia-Pacific and Europe leading the way," said E. Lee Hennessee, managing principal of Hennessee Group. The Hennessee Hedge Fund Index rose 1.64% in March and 5.76% for the first quarter, beating both the S&P 500's 1.25% return in March and 4.21% return in the first quarter.
Hedge funds also outperformed the Dow Jones Industrial Average, which rose 1.05% in March and 3.65% in the first quarter. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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