Hedge Funds

Managers suffered in March, preliminary data shows


Preliminary figures for funds reporting to the Absolute Return Database indicate that March was a tough month for many different asset classes, leaving fund managers with few places to hide. The composite return for funds that have posted return data to the Absolute Return database so far is a 0.29% loss.

By far the most battered strategy of the month was convertible arbitrage, which has posted a preliminary loss of 1.64% - a staggering number for the strategy.

Most of the other medians have also suffered losses based on the funds that have posted data thus far, including