After witnessing the best start to a year since 2000, in terms of performance, hedge funds paused for a breather in March 2012, delivering a marginally negative performance. With the exception of the US, most markets across the globe registered declines and the Eurekahedge Hedge Fund Index dipped 0.18%1 in March with the MSCI World Index up by 0.39% in March.
The US market remained strong during the month amid positive data and upbeat outlook from the Federal Reserve. While treasuries sold off mid-month and the US dollar strengthened against major currencies, European and Asian markets were mostly down during the month as focus in Europe remained on Greek debt restructuring and concerns surrounding a slowdown in the Chinese economy effected Asian bourses.
