People invested in hedge funds are still paying a lot for very little in the way of actual return.
Hedge funds were up 0.59% in March although they still trailed the S&P 500, which was up 3.13% for the month and 12.00% YTD.
The Hennessee Hedge Fund Index is up 4.59% YTD.
“Hedge funds posted their best first quarter since 2006 but lagged equity markets as managers were conservatively positioned,” said Charles Gradante, managing principal of Hennessee Group. “However, with 77% of stocks currently trading above their 200 day moving average, many managers believe the market may be due for a correction.”
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