WEST PALM BEACH, FL (www.hedgeco.net) – The Van Global Hedge fund index posted slight losses for Mach, with a decline of 0.9% for the month. According to Van�s Preliminary report, �the Index posted a0.1% net return, reflecting the average net performance of those hedge funds that reported their March returns to VAN in the opening days of this month.�
George Van, chairman of Van Hedge Fund Advisors, said. “March was a difficult month for hedge funds,” adding, “Nearly two-thirds of the funds that have reported so far have negative results.” Van also said that �Hedge funds investing in emerging markets, the top-performing group in the first two months of 2005 appears to be the worst hit in March.�
According to the Van�s released statements, losses in March were �Sparked by equity market declines: The Standard & Poor’s 500 Index fell 1.8% last month, while the MSCI World Equity Index shed 1.5%.�
Generally Van releases two sets of results for each month. The preliminary results reflect the data submitted by some hedge funds, such data is usually revised as more hedge funds report their results later on for the month. The second report represents a more accurate result for the month. The calculation is based on over 300 hedge funds, including both funds domiciled in the U.S. and offshore.
Van Hedge Fund Advisors International, LLC (“VAN”) is a global hedge fund advisory firm which constructs hedge fund portfolios for international institutions and wealthy investors. VAN began constructing its hedge fund index in the early 1990s.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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