Hedge Funds Down 0.35% In March, Still Up For The Quarter: Eurekahedge

Hedge funds closed the first quarter on a sour note, losing 0.35% according to the Eurekahedge April report, but February gains were still enough that the Eurekahedge Hedge Fund Index was up 0.87% for 1Q14, beating the MSCI World index which was up 0.67% last quarter. Hedge fund managers posted $970 million in preliminary performance-based losses last month, compared to $26.8 billion in performance gains in February. Net asset inflows were still positive but down from February, $8.09 billion versus $31.4 billion. Hedge fund: Long/short has most inflows, distressed debt has best returns in March Long/short funds had their 16th…