While March was a strong month for equity indices it was more mixed for hedge funds, some of whom lost money on their shorts. This was reflected in a slightly negative monthly median return for the Global Multi-Strategy category of -0.15%.
Around the median however there was a wide dispersal of returns, with good gains for those who were well positioned. Benchmark Plus Institutional Partners was up 7.8% on the month to leave year-to-date numbers at -4.86% and Pinnacle Opportunity's 2.37% March put year-to-date returns at 6.01%.
HSBC Real AdvantEdge was up 1.19% to bring year-to-date numbers to 0.67% and