Hedge fund managers were down 4.40 per cent in March, outperforming the MSCI AC World Index IMI (Local) by 9.59 per cent during the month - a level of outperformance unseen since October 2008.
Results & performance
The Wilshire Liquid Alternative Index, which provides a representative baseline for how the broad liquid alternative investment category performs, returned -6.33 per cent in March, underperforming the -5.88 per cent monthly return of the HFRX Global Hedge Fund Index.
Dispersion reigned among different hedge fund strategies during a turbulent March, with global macro and trend-following funds posting positive returns while equity-focused managers tumbled sharply. A deepening of Covid-19 fears across the global economy sparked unprecedented losses in markets and dramatically reversed last year’s buoyant risk-on environment.
CME Group achieved record international average daily volume (ADV) of 7.2 million contracts in Q1 2020, up 57 per cent year on year, and surpassing the previous quarterly record of 5.3 million contracts traded during the second quarter of 2019.
RISE Wealth Technologies announces best ever monthly performance for its flagship systematic strategy: Volatility Special Opportunities Program (VSOP)
CTA strategies posted positive returns during March as markets were roiled during the sustained economic turbulence, new data from Société Générale shows.
The European Energy Exchange (EEX) achieved another milestone in its Freight business by gaining the majority share of the open interest (OI) in the total Freight market (Futures and Options combined), thereby overtaking the market leader for the first time and setting a new record for the business.
Long volatility and tail risk strategies outshone their peers as equities and oil slumped in February
Hedge fund managers were down 1.70 per cent in February as the development of the COVID-19 outbreak outside of Mainland China weighed on risk assets throughout the month, according to Eurekahedge.
Investors are divided over how their hedge fund allocations have performed during the recent market crash, a new industry survey has found.
The SS&C GlobeOp Forward Redemption Indicator for March 2020 measured 3.11 per cent, up from 2.83 per cent in February.