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Australian Hedge Funds Post 2.1% Return in March on Share Rally

Bloomberg – Australian hedge funds returned an average 2.1 percent in March, beating the 1.3 percent profit of their global peers.

The Australian Fund Monitors Index, which tracks the performance of more than 200 hedge funds managed from within the country, rebounded from a 1.6 percent drop in February, according to a report by Australian Fund Monitors based on 42 percent of the funds reporting. The S&P/ASX 200 Index jumped 7.1 percent in March while the MSCI World Index advanced 7.2 percent.

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