Australian hedge funds rose by an estimated 3.03 per cent in March, taking the year-to-date performance to 1.72 per cent, according to Australian Fund Monitors.
Equity based funds rose 4.03 per cent in March and 2.24 per cent YTD.
Non equity based funds rose 0.87 per cent in March and are up 0.18 per cent YTD.
The ASX is up 5.13 per cent in March (0.10 per cent YTD), while the S&P 500 is up 5.88 per cent in March (4.87 per cent YTD).