Hedge fund strategies tracked by the Dow Jones Credit Suisse Hedge Fund Index trailed equity returns in the first quarter of 2012, but if investors knew where to look there were some individual funds that outperformed.

For instance, Global Macro managers as a whole returned 1.58% on an absolute basis in the Jan. 1 to March 31 period, below the 4.04% return of the broad hedge fund index and the 12.59% of the Standard & Poor’s 500 stock index. However all of the funds in the top-10 for global macro as tracked by Dow Jones Credit Suisse outperformed not only the broader hedge fund index, but the S&P 500 as well (see chart below).

The full chart—including top absolute return data for Convertible Arbitrage, Dedicated Short Bias, Emerging Markets, Equity Market Neutral, Event Driven, Fixed Income Arbitrage, and Long/Short Equity Hedge—is available to HedgeWorld Premium Plus members here. It comes out monthly, as do charts covering top risk-adjusted performance, top fund-of-funds performance and index and sub-index net performance. If you don’t have a Premium Plus membership, click here to find out how to get one: hedgeworld.com/membership/.

This entry was posted on Tuesday, April 24th, 2012 at 11:55 am and is filed under Hedge Fund Research, Hedge fund strategies, hedge fund performance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.