Obsidian races ahead


Fixed income-focused hedge funds were all over the map in March, with managers showing a wide dispersion of returns. Oak Hill finished the month of March up about 0.79% and roughly 3.43% for the year-to-date. Blackrock's Obsidian Offshore Fund returned 1.50% for the month, bringing its year-to-date return to 3.43%. Rajiv Sobti's Nayan Capital Fund Ltd. gained 0.68% in March, bumping its year-to-date gain up to 2.05%. Warren Mosler's III Fund Ltd. gained 0.30% in March and has returned 0.82% for the year-to-date. Julius Baer's Diversified Fixed Income Hedge Fund lost roughly 0.54% in March but is up