Van Global Hedge Fund Index, a benchmark of hedge fund performance run by
The best performing hedge fund groups in March were emerging markets, distressed securities and market neutral-arbitrage, ringing up 1.3%, 1% and 0.7% gains, respectively. For the first quarter, hedge funds enjoyed a 0.9% spike, marking their second consecutive quarter of gains. That beats all major stock indices including the Dow, which lost 3.6%, the data revealed. The leading strategies for the quarter were distressed securities, up 4.5%, market-neutral, up 3.1% and short selling, which rose 1.7%.
Final March returns will be calculated at the end of April, based on a significantly larger pool of hedge funds, the report said.