Hedge Funds Returned 1.8% in March, 2009 and were up fractionally for the first quarter of 2009.
Hedge fund returns for March were up 1.8%, led by returns from equity funds which were up more than 3% on average, according to Hedge Fund Research. Hedge funds were up .5% for the entire first quarter of 2009.
Though hedge funds certainly could use a positive month of returns, the 1.8% gain didn't come close to matching the 8% + return of the S&P 500 in March. However, the modest gain for hedge funds in Q1 was far better than the 11% decline posted by the S&P during that time.