Global fund of funds


The InvestHedge Global Multi-strategy fund of funds index was flat in March, thereby consolidating the gains of the big funds of funds in the first quarter of 1.22%. The returns for March range from 1.03% for Auda Classic to LGT's Castle Alternative Invest, which was down 1.68% for the month, depending on whether or not they had an allocation to CTAs or global macro. The InvestHedge Arbitrage Index was the top performing index in March with returns of 0.33%. Winners of this specialty niche include Ironwood Partners, which was up 0.60% for March and 3.36% so far in