Opalesque – The Australian Fund Monitor (AFM) released last week its “March Absolute Return and Hedge Fund Review” report which showed that the strong rebound in equity markets both in Australia and overseas saw equity-based hedge funds managed in the region post not only their best returns this year, but for the past three years.

AFM took the results of all funds – including non-equity strategies such as Global Macro and Commodities, and including funds of funds, and found that all had posted the best result in March since the start of the Global Financial Crisis in 2007.

With the ASX posting an impressive rebound in March of over 7%, which continued in April, equity-based hedge funds (with 85% of funds results reported) returned 3.18%. Over the past 12 months, equity-based hedge funds returned a negative 13.20%, against the ASX 200 which lost 33.11% and the S&P500 which fell 39.68%.

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Tags: 12 months, absolute-return, amp, asx 200, australia, commodities, equity strategies, global financial crisis, global macro, hedge fund, p500, rebound

The Australian – Australian managed equity-based hedge funds posted their strongest performance in March since the global financial crisis began in late 2007, but underperformed the market overall.

Data from Australian Fund Monitors showed that while the Australian equity market as a whole rebounded by 7 per cent during March, equity-based hedge funds returned 3.18 per cent over the month.

However, the funds have significantly outperformed the rest of the market over a 12-month period, declining by 13.20 per cent, compared to a 33.11 per cent negative return from the benchmark S&P/ASX 200 Index and a 39.68 per cent decline on the US-based S&P 500 Index.

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Tags: amp, asx 200, australian equity, decline, global financial crisis, managed equity, monitors

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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Tags: amp, asx 200, australian-hedge-funds, monitors, msci-world-index, peers