BarclayHedge Indicates March Jumps

Hedge funds gained 2.41% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is now up 0.82% in 2009. Overall, 15 of Barclay's 18 hedge fund indices gained ground in March. The Barclay Emerging Markets

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Hedge funds gained 2.41% in March, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index is now up 0.82% in 2009.

Overall, 15 of Barclay’s 18 hedge fund indices gained ground in March. The Barclay Emerging Markets Index jumped 4.74%, Equity Long Bias gained 3.51%, Technology was up 3.20%, Pacific Rim Equities gained 2.65%, Healthcare and Biotechnology rose 2.36%, and Convertible Arbitrage was up 2.25%. The Barclay Fund of Funds Index gained 0.23% in March, and is up 0.61% in 2009.

After an 8% sell-off in early March, the S&P 500 Index bounced back to gain 17% from 9 March to 31 March, its largest three-week rally since 1987, says Sol Waksman, founder and president of BarclayHedge.

Emerging market funds did exceptionally well in March, driven by double-digit returns in the equity markets in Brazil, Russia, India and China, continues Waksman. With the sudden upturn in equity markets, Equity Long Bias had its strongest one-month performance since gaining 4.72% in January of 2006.

L.D.

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