15th Apr 2020 - 5:27pm Long volatility and tail risk hedge funds post strongest Q1 returns Submitted 15/04/2020 - 5:27pm The Eurekahedge Hedge Fund Index registered its strongest outperformance relative to underlying markets since October 2008, outperforming the MSCI AC World Index by 9.22 per cent in March. Long volatility and tail risk hedge funds topped the performance tables for Q1 2020, outshining other strategies as market volatility level remained elevated during the past two months.