Hedge Funds Gain in March, Says BarclayHedge
Hedge funds gained 3.08% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
“Global stock indices reached new highs for the year as economic data continued to suggest that a recovery is underway,” said Sol Waksman, founder and president of BarclayHedge.
“On average, emerging market equity indices gained 8.04% in March, and developed market indices gained 6.29%.”
All but one of Barclay’s 18 hedge fund indices had a positive return in March. The Barclay healthcare and biotechnology index soared 5.15%, emerging markets jumped 5.23%, equity long bias was up 4.03%, distressed securities gained 3.79%, technology was up 3.85%, and Pacific Rim equities gained 3.84%.
“Nearly 87% of the funds reporting their March return to BarclayHedge have recorded a profit for the month,” said Waksman.