U.S. long/short equity funds benefited from volatility in
March, rising substantially to overtake the hedge fund
composite and stay ahead of the broader equities market.
The Absolute Return U.S. Equity Index surged 1.18% in March,
producing a 2.61% gain YTD. That's well ahead of the S&P
500's March net total return of 0.50% and its 1.08% rise for
the quarter. Long/short equities also beat the Absolute Return