Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed up 2.22 per cent in March, finishing the first quarter of 2010 up 3.09 per cent.
Nine out of ten sectors posted positive performance for the month and top performing sectors included managed futures (+4.25 per cent), emerging markets (+3.89 per cent) and long/short equity (+2.99 per cent).
Gains in the managed futures space were largely due to positive performance among trend followers who generated profits across equity, commodity and currency markets.
Emerging markets and long/short equity managers capitalized on both global equity market rallies and an increase in investor appetite for risky assets.
Conversely, dedicated short bias managers posted the weakest performance the month, down 6.61 per cent.
