Performance

Absolute Return Indices: March ends a tough first quarter

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The Absolute Return Composite Index lost 1.1% in March, erasing its February gains and bringing its total for this year's first quarter to -1.05%.

Equities struggled again, with the U.S. Equity index off 1.6% and the Global Equity index down 1.72% to lose 4.4% for the year so far. Managed futures funds outperformed, gaining 0.48% for a total gain of 6.66% for the year so far.

ABSOLUTE RETURN STRATEGY INDICES

Strategy

Mar 08

YTD 08

Arbitrage

-0.20%

0.50%

Commodities

-2.12%

4.92%

Convertible & Equity Arbitrage

-2.20%

-1.87%

Credit

-0.83%

-0.76%

CTAs

0.48%

6.66%

Distressed

-1.30%

-3.70%

Event Driven

-1.00%

-2.99%

Fixed Income

0.09%

2.08%

Global Equity

-1.72%

-4.40%

Latin American Debt

0.18%

1.34%

Latin American Equity

-2.94%

-1.33%

Macro

-1.51%

1.27%

Mortgage Backed

-1.00%

0.73%

Multistrategy

-1.69%

-1.77%

Technology

-0.90%

-5.55%

U.S. Equity

-1.60%

-3.54%

Absolute Return Composite

-1.10%

-1.05%


ABSOLUTE RETURN COMPOSITE INDEX


Source: Absolute Return