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:
BlueGold Capital
Fortress Investment Group
Paulson & Co.
Third Point Management Company
Tudor Investment Corporation
Related People: Andrew Hoine; 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
Related Entities: Altar Rock*; 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
Related Article Tags: Investment Management, Fund Manager and General Financial News


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