Hedge Fund News From HedgeCo.Net

Hedge Fund Gains on Distressed Debt Decline to Seven-Month Low

Bloomberg – The performance of global hedge funds investing in distressed debt dropped to its weakest level in seven months in March as Treasury yields increased and emerging-market concerns mounted, according to Eurekahedge Pte.

Returns slid to 0.62 percent last month from 1.48 percent in February, and were the least since 0.01 percent in August, the industry researcher said on its website, based on 47 percent of funds that have submitted figures as of today.

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