Absolute Return indices


Event driven funds up in Q1

The Absolute Return Event Driven Index posed a 2% gain in March - its best month in two years - pushing its year-to-date total to 3.17%. Long/short equity funds also rose in March, though not nearly as much as the broader equity markets. The Absolute Return U.S. Equity Index posted a 1.27% gain and the Global Equity Index climbed 1.63%. Those increases move the indices into the black for the quarter, up 0.30% and 0.61%, respectively. Breaking a seven-month winning streak, managed futures performed poorly, losing 1.7% for the month for a quarterly