Hedge Funds Witness Muted Start To 2014 As Event Driven Dominates

The overall hedge fund benchmark witnessed positive returns only in February, while January and March posted disappointing performance, according to Preqin’s quarterly update on hedge funds for first quarter 2014. Event driven strategies funds continued to clock impressive returns, adding 2.77% in Q1 2014, while enhanced activity witnessed in the fund of hedge funds sector at the start of 2014. Positive but muted start to 2014 In its April 2014 report titled “Hedge Fund Spotlight”, Preqin points out single-manager hedge fund returns for the first three months of the year witnessed 1.23% net returns, which lagged Q4 2013 returns by…