Fund of Hedge Funds Performance

Returns in Europe reflect the buoyant market in March

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Many of Europe's long/shorts posted excellent returns in March's buoyant market conditions, and fund of funds performance reflected this.

European Capital Holdings was up 3.9% on the month, taking three-month figures to 4.32%.And on a three-month US dollar basis, Key Europe was the top performer, up 3.49%. The fund, which has 18 underlying funds, has a 39% equity long/short allocation as well as a 32% equity long biased allocation that would have benefited from the March equity rally.

Lansdowne UK Strategic Fund (13.1% ), Lansdowne UK Equity Fund (8.2%), AKO Capital (8%) and Blackrock UK Emerging Companies all boosted