After struggling in 2022, hedge funds took advantage of the worldwide equity rally in 2023 and obtained positive returns across nearly the entire asset class.
Hedge fund managers were up 1.35% in March, trailing behind to the S&P 500 which was up 3.58% over the month. Around 61% of global hedge funds have posted positive returns in March and 46.0% of them have maintained positive performance over the first quarter of the year.