Funds struggled in March, ending bad first quarter


The majority of hedge funds struggled again in March, with early estimates for the Absolute Return Composite Index indicating a loss of 0.99% for the month, bringing first quarter performance to -0.94%. By contrast, at the end of the first quarter last year, the Composite Index had gained 2.68%.

Managed futures funds were relatively flat on the month, returning 0.37% and with the median now up 6.54% for the year. It was another tough month for equities funds, with the U.S. Equity Index and Global Equity Index down 0.9% and 2.39%, respectively. Technology funds failed to fight back,