Most hedge funds above high-water marks

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Nearly 60% of funds are on track to charge performance fees this year.

 Funds above their high-water marks
 
 Key: + Above HWM / - Below HWM
(+/- do not denote performance)
Source: HedgeFund Intelligence database.
  
 
Strategy% Above HWM
Commodities11%
Convertible & Equity Arbitrage88%
Credit100%
Distressed78%
Event Driven66%
Fixed Income78%
Global Emerging Market Debt63%
Global Emerging Market Equity33%
Global Equities68%
Latin American Debt71%
Latin American Equity65%
Macro41%
Managed Futures20%
Mixed Arbitrage77%
Mortgage Backed Securities96%
Multistrategy78%
Real Estate50%
Self Invested57%
Technology53%
U.S. Equity65%
Volatility25%

Nearly 60% of Americas-based hedge funds ended the first quarter above their high-water marks, putting them in position to earn performance fees on top of the mandatory