(Opalesque) The Eurekahedge Hedge Fund Index gained 1.48% in March 2022, supported by the robust performance of the S&P 500 which returned 3.58% over the same period. The first half of March started out on a negative note due to Russia’s shocking invasion of Ukraine in late February which elicited severe economic sanctions on Russia from the US and their allies in a bid to cripple the Russian economy and war effort.
Hedge funds up 1.48% in March despite ongoing Russia-Ukraine war and persistent inflationary pressure
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