Hedge 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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