The Single Manager Composite Index gained 0.81% in March, outperforming a negative market.

Market neutral and quant funds led the way with a 1.34% gain, leaving the index 3.02% higher so far this year. This was closely followed by the newly compiled Fixed Income Index, which rose 1.29% in March, or 3.56% so far this year.

The Fund of Funds Index returned to positive territory, rising 2.15% after a 2.8% drop in January.