Opalesque – Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for March and for the first quarter as well as estimated asset flows through February 2012. The Morningstar MSCI Composite Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, eked out a 0.1% rise in March, ending the first quarter up 3.3%.
“After a strong start in the first two months of 2012, hedge funds lost steam in March and presented a mixed picture,” said Terry Tian, alternative investments analyst with Morningstar. “While many U.S. equity strategies delivered positive returns, emerging markets, managed futures, and currency strategies suffered losses.”
