Hedge funds in the red for second month running

Hedge funds downHedge funds around the world registered their second consecutive month of losses since the start of 2018, with the Eurekahedge Hedge Fund Index falling 0.51% in March following a drop of 1.62% in February.

Hedge funds nevertheless outperformed the MSCI World Index which ended March down 2.21%.

Eurekahedge said that choppy trading conditions across commodities and weaker global equity performance continued to affect the trading scene.

Asian hedge funds continued their slide with Asia ex-Japan mandates down 1.79% during the month with losses among India and China dedicated managers coming in at 2.47% and 0.79% respectively.

Emerging market mandates were down 0.22% with losses mitigated by eastern Europe and Russia mandated funds’ performance.

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