The majority of hedge funds struggled again in March, with early estimates for the Absolute Return Composite Index indicating a loss of 0.99% for the month, bringing first quarter performance to -0.94%. By contrast, at the end of the first quarter last year, the Composite Index had gained 2.68%.
Managed futures funds were relatively flat on the month, returning 0.37% and with the median now up 6.54% for the...