HFR provided its industry assessment earlier this week declaring macro hedge funds the winners in March as the coronavirus fallout drove the equity market into deep decline and arbitrage spreads widened.
Hedge funds experienced a historical dispersion of performance for the month as captured by data visualization tool HFR IndexScope, with the top decile of HFRI constituents posting an average gain of 18.5%, while the bottom decile fell an average of -30.0%. Through the first quarter, the HFRI Fund Weighted Composite has lost -8.3% year to date, while the HFRI Macro (Total) Index has . . .
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