Hedge funds flat in March, Fortress Investment Group & BlueGold Capital outperform
| April 12th, 2011 |
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Hennessee Group LLC announced yesterday that its hedge fund index was up just 0.23% in March and 2.35% year-to-date. In comparison, the Standard & Poor’s index was up 5.43% during the same period in 2011, but down 0.10% in March. Also, Hedge Fund Research, another Hedge fund research firm which aggregates data on over 2,200 hedge funds for its Hedge Fund Research Index, said its average hedge fund was up 0.31% in March and 1.99% YTD.
The strongest performers in the Hennessee index were technology (+5.2%) and healthcare-focused (+1.7%) hedge funds, while overall long/short equity funds were up 0.23%.
Poor performance was largely attributed to volatility caused by the earthquake in Japan and the widespread unrest and instability in the Middle East. Hennessee’s Global/Macro Index was up 0.32% but the Macro Index fell -1.33% in March and -1.29% YTD. Furthermore, The Hennessee International Index fell 0.50% in March, though was still up 1.32% YTD.
However, Fortress Investment Group was one winner in March, with its Asia Macro Fund up 3.5% in March. Fortress Investment Group’s Global Macro Fund was also up 1.8% and its commodities fund rose 1.5% in March. Notably, according to reports, all of Fortress Investment’s hedge funds recorded gains in March.
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For Detailed Investor Profiles on these Investors, click below: |
| Daniel Loeb; | Daniel Mudd; | Dennis Crema; | James L. Carruthers; | James Pallotta*; | John Paulson; | Jude Driscoll; | Mena Gerowin; | Michael E. Novogratz; | Mike Barr; | Paul Tudor Jones, II; | Pierre Andurand; | Randal Nardone; | Robert Kauffman; | Robert Schwartz; | Stuart Merzer; | Tim Lash; | Wesley Edens; | William F. Callanan | | BlueGold General Partner Inc; | BlueGold Global Fund LP; | BlueGold Investments Limited; | BVI Global Fund Ltd; | Drawbridge Global Macro Funds; | Fortress Commodities Fund LP; | Fortress Partners Funds; | Fortress Value Recovery Funds ; | Logan Circle Partners; | Newcastle Investment Corp; | Paulson Advantage Master Ltd; | Paulson Advantage Plus Master Ltd; | Paulson Real Estate Recovery Fund; | Paulson Recovery Fund; | PCI; | Raptor Global*; | Third Point LLC; | Third Point Opportunities Master Fund LP; | Third Point Resources LP; | Third Point Ultra Master Fund LP; | Third Point Ventures; | Tudor Investment Corp; | Tudor Investments; | Tudor Momentum Futures Fund; | Tudor Tensor | More Recent Headlines
