Hedge funds were up 0.83 per cent in March, according to the CISDM Equal Weighted Hedge Fund Index, produced by the UMass Amherst’s Isenberg School of Management’s Center for International Securities and Derivatives Markets (CISDM).
The increases brings the CISDM Equal Weighted Hedge Fund Index to a total 2017 return of 2.22 per cent.
In addition, all equity oriented hedge fund strategies exhibited strong performance in February. CISDM Multi-strategy and Equity Long/Short indices increased by 1.56 per cent and 0.93 per cent, respectively last month.
According to the Federal Reserve Bank of Chicago’s index of National Financial Conditions (NFCI), looser conditions have prevailed in credit markets since August of 2016. This has led investors to adopt “risk-on” investment strategies in recent months, making distressed securities one of the best performing categories since then. The Distressed Securities index increased by 1.4 per cent during March. The recovery in commodities and trending currency markets helped commodity trading advisers reverse the loss in January, earning 1.84 per cent in February.
