Hedge funds marked their best month over 24 months in March, according to eVestment’s analysis of the hedge fund industry. Event-driven hedge funds recorded a 3.4% rise in March and even better, activist funds grabbed a 5.35% return in the same period. Overall, the hedge fund industry grabbed a 2.29% return last year, closing the first quarter with a -0.4% return. Activist funds Trian Partners and Owl Creek lead Activist hedge funds were up 1.17% in the first quarter. The biggest winner in the event-driven category was Nelson Peltz’s Trian Partners. According to data from HSBC’s Hedge Weekly, the firm gained 7% in March, edging…
Activist Funds Top In March, Nelson Peltz Leads, Ackman Lags
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.