Hedge Funds
Broad measures of hedge fund performance stayed in the winning column in March – albeit barely – despite an interest rate hike by the Federal Reserve and mixed performance on global financial markets, according to recent data from Hedge Fund Research. The company’s widely-followed HFRX Global Hedge Fund Index rose +0.03% for the month following a +1.12% gain in February, the company reported. The essentially breakeven result leaves the measure up +1.66% for the year to date. Other broad HFRX indexes also ended March in the green; the HFRX Absolute Return Index rose +0.25% to stand up +0.65% YTD, while...