Hedge Funds Continue Positive Start


    The hedge fund industry continued its positive start to the year with another month of gains in March, says the Preqin All Strategies Hedge Fund benchmark. It recorded returns of 0.68 per cent through the month, building on gains of 1.01 per cent and 1.46 per cent in February and January, respectively. First quarter 2017 performance now stands at 3.18 per cent, which marks the best opening quarter performance since 2013 as hedge funds sustained their recent strong performance. With just one month of losses recorded since February 2016, the industry has now returned 11.61 per cent over a 12-month period. Event driven and equity strategies posted returns of 4.18 per cent and 4.06 respectively, the highest of any leading strategy. All leading strategies delivered gains through the quarter, but relative value strategies posted the lowest returns at 1.06 per cent, after the strategy also recorded the smallest gains in 2016.