Hedge funds fared mostly well in March, with eight of Newedge's 11 hedge fund indices showing positive performance, the firm says.
The best performer in March was the Newedge Trend Index, which increased 1.89% in March. That index calculates the daily rate of return for a pool of the largest ten trend-following-based CTAs that provide daily returns and are open to new investment. The index is up 3.68% in 2013.
The Newedge CTA Index also fared well, rising 1.29% in March and 2.87% so far in 2013. That index calculates the daily rate of return for a pool of the largest 20 CTAs that provide daily returns and are open to new investment.
The Newedge Short-Term Trading Index was up 0.80% in March and 3.51% for 2013. That index tracks the daily performance of a portfolio of short-term, diversified CTAs that have less than a ten-day average holding period, provide daily returns and are open to new investment.
The worst performer in March was the Newedge Volatility Trading Index, which was down -0.81%. The index is a performance measure for the volatility trading and arbitrage style within the hedge fund universe.
Meanwhile, the S&P 500, the benchmark equities index, ended March on record highs. It soared 10% in the first quarter of the year, in line with stellar returns on Dow and NASDAQ.