March proved to be a low performing month for most funds of hedge funds. The InvestHedge Composite reported a relatively flat 0.12% for the month. However, for the year it was up 2.56%. Global multi-strategy funds saw a positive year-to-date of 2.65% with a rise of 0.22% in March.
US equity FoHFs reported the highest performance for the year to date up 5.97%, as well as being the top performing strategy for the month, returning 0.9%. Global equity was up 4.34% for the year to date, while posting a 0.49% increase for the month.