The benchmark Eurekahedge Hedge Fund Index was up 0.95%1 in March 2021 and up 4.79% in 2021. In terms of performance per geographic mandate, Japanese hedge funds recorded the strongest return of 2.81% in March, but North American hedge funds lead the pack in terms of year-to-date performance with their 6.77% return. On the other hand, event-driven and long/short equities outperformed their peers as they returned 1.59% and 1.26% in March respectively.
Highlights of hedge fund performance and asset flows for the month are as follows:
Global Regions |
Mar-21 |
2021 YTD |
North America |
1.56% |
6.77% |
Europe |
1.37% |
3.84% |
Japan |
2.81% |
6.27% |
Asia ex-Japan |
(0.90%) |
3.24% |
Latin America |
1.05% |
(1.04%) |
Global Regions |
Mar-21 |
2021 YTD |
Arbitrage |
(0.60%) |
0.97% |
CTA/managed futures |
0.20% |
2.49% |
Distressed debt |
0.84% |
5.58% |
Event driven |
1.59% |
6.91% |
Fixed income |
0.47% |
1.87% |
Long/short equities |
1.26% |
6.49% |
Macro |
0.27% |
2.19% |
Multi-strategy |
0.70% |
2.98% |
Relative value |
0.92% |
3.44% |
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