Hedge funds give back all February gains to volatility

 
The Absolute Return Composite Index dropped 1.10% in March, bringing its year to date down to the same level as January, -1.05%. Equities struggled again this month, with the US Equity Index down 1.60%, and the Global Equity Index continued its terrible performance, and is now down 4.40% year to date. Managed futures funds again outperformed the rest of the industry, gaining 0.48% in March, giving a year to date of 6.66%.