Performance

New Castle shines

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Market-neutral funds largely lived up to their name in March's tough equity markets. As expected, global plays did better as U.S. indices lagged. Among the strongest performing of such strategies with a global bent this year has been New Castle Market Neutral Offshore, which picked up another 1.1% in March to bring the year-to-date tally to a very healthy 6.2%. Numeric Global Market Neutral Offshore didn't score as big, but posted positive performance on both the long and short side for a gain of about 0.3% for the month of March that left returns up roughly 1.8% for