Reuters – Hedge funds had a rough time in March, taking losses in most strategies and underperforming global stocks and bonds as a whole, data from MSCI showed on Thursday.
The index provider said its MSCI Hedge Invest Index fell 2.86 percent in March, leaving it with a first quarter loss of 3.88 percent.
By contrast, MSCI’s main world stock index .MIWD00000PUS, a benchmark for world equity markets, lost 1.7 percent in the month. Investment bank Citi’s world government bond index, meanwhile, showed very slight gains, an increase of less than 0.1 percent.
The poor hedge fund performance came mainly as a result of large losses among long equity strategies and in fixed income.
