Long/short equity, multi-strategy and relative value funds enjoy their best quarter since Q3 2009
After experiencing the best start to a year since 2000, hedge funds paused for a breather during March, delivering a marginally negative performance. With the exception of the US, most markets across the globe registered declines and the Eurekahedge Hedge Fund Index dipped 0.14% in March with the MSCI World Index up by 0.39% for the month.
Key highlights for March 2012:
- Long/short equity, multi-strategy and relative value funds witnessed their best quarter since 3Q 2009 with gains of 6.1%, 4.93% and 4.29% respectively.
- Assets in hedge funds crossed US$1.76 trillion, gaining over US$50 billion during the first three months of 2012.
- Long-only absolute return funds saw gains of 11.4% in the first quarter of this year.
- Hedge fund managers employing non-conventional strategies have grown their assets to US$63.2 billion, their highest level since August 2008.
- Relative value managers reached US$50 billion of capital for the first time on record.
- Islamic funds outperformed other alternative vehicles, gaining 0.63% during March 2012.
- More than 100 hedge funds have been launched globally as at the end of March this year.