The Hennessee Hedge Fund Index declined -1.9% in March (-3.5% YTD), while the S&P 500 declined -0.6% (-9.9% YTD), the Dow Jones Industrial Average was virtually flat (-7.6% YTD) and the NASDAQ Composite Index advanced +0.3% (-14.1% YTD).
Bonds advanced in March, as the Lehman Aggregate Bond Index rose +0.3% (+2.2% YTD).