Dispersion returns as indices flatten in March


An increasingly topsy-turvy end to a generally strong first quarter caused much greater dispersion in hedge fund performance in March than in the two preceding months.

The EuroHedge Composite index was up by just 0.04% on a median basis – and down by 0.26% on a mean average basis – to record Q1 gains of 2.82% (median) and 3.73% (mean).

Managed futures funds were the chief casualty of the increasing market volatility – sustaining some heavy losses in March and being the only strategy area to end the first three months with a mean