Hedge funds failed to take advantage of the sharp rally in equities in March as their generally defensive stance meant the average fund across all investment strategies gained less than 2 per cent even as the benchmark S&P 500 index rallied by more than 8 per cent. Some hedge fund strategies completely missed the upside of the equity markets in what many analysts were describing as a bear market rally, the FT said.

This entry was posted by Stacy-Marie Ishmael on Thursday, April 9th, 2009 at 4:34 and is filed under Capital markets, Hedge funds. Edit this entry.