The hedge funds that reported returns to Morningstar rose an average of 2.1% in the first quarter, outperforming major indexes, including the S&P 500 and the MSCI World Index.

Hedge funds delivered the strongest returns in January, rising 1.15%, and continued to fare well in the following two months of market turbulence, delivering returns of 0.52% in January and 0.54% in February.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.