{"id":4249,"date":"2006-04-10T00:00:00","date_gmt":"2006-04-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"march-2006-dow-jones-hedge-fund-benchmarks","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/04\/2006\/march-2006-dow-jones-hedge-fund-benchmarks.html","title":{"rendered":"March 2006 Performance Review of the DOW Jones Hedge Fund Strategy Benchmarks"},"content":{"rendered":"

A monthly report from Dow Jones Indexes on the performance of the Dow Jones Hedge Fund Strategy Benchmarks<\/strong><\/em><\/p>\n

HedgeCo.Net – All six hedge fund strategies covered by Dow Jones Hedge Fund Indexes ended the first quarter of 2006 posting net-of-fees gains.<\/p>\n

March 2006 was an up month for all of the six strategies and the relative performance of the strategies this month was a good reflection of the relative performance of the strategies for the year so far. Equity long\/short<\/strong> came in first posting a net-of-fee gain of 2.14%. This gain made up for the -1.31% the strategy lost in February (the only negative monthly return posted by a strategy this year) and increased its YTD gains to 5.66%. Event driven<\/strong> was next with a return of 1.43% in March and a YTD return of 4.08%. This strategy was followed by distressed securities<\/strong> which returned 1.36% in March and 3.42% on a YTD basis. With returns of 0.97% and 0.93%, the performance this month of the convertible arbitrage<\/strong> and merger arbitrage<\/strong> strategies was very similar \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u0153 so is their YTD performance with returns of 3.40% and 3.29%, respectively. Finally, equity market neutral<\/strong> gained 0.69% for the month and is up 1.73% for the year.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

DJHFSB<\/strong> <\/p>\n<\/td>\n

\n

March 2006<\/strong> <\/p>\n

(net of fees)<\/strong> <\/p>\n<\/td>\n

\n

YTD 2006<\/strong> <\/p>\n

(net of fees)<\/strong> <\/p>\n<\/td>\n<\/tr>\n

\n

Convertible Arbitrage <\/p>\n<\/td>\n

\n

0.97% <\/p>\n<\/td>\n

\n

3.40% <\/p>\n<\/td>\n<\/tr>\n

\n

Distressed Securities <\/p>\n<\/td>\n

\n

1.36 <\/p>\n<\/td>\n

\n

3.42 <\/p>\n<\/td>\n<\/tr>\n

\n

Equity Long\/Short <\/p>\n<\/td>\n

\n

2.14 <\/p>\n<\/td>\n

\n

5.66 <\/p>\n<\/td>\n<\/tr>\n

\n

Equity Market Neutral <\/p>\n<\/td>\n

\n

0.69 <\/p>\n<\/td>\n

\n

1.73 <\/p>\n<\/td>\n<\/tr>\n

\n

Event Driven <\/p>\n<\/td>\n

\n

1.43 <\/p>\n<\/td>\n

\n

4.08 <\/p>\n<\/td>\n<\/tr>\n

\n

Merger Arbitrage <\/p>\n<\/td>\n

\n

0.93 <\/p>\n<\/td>\n

\n

3.29 <\/p>\n<\/td>\n<\/tr>\n

\n

<\/p>\n<\/td>\n

\n

<\/p>\n<\/td>\n

\n

<\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones Wilshire 5000 (Float) <\/p>\n<\/td>\n

\n

1.84% <\/p>\n<\/td>\n

\n

5.44% <\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones World TMI <\/p>\n<\/td>\n

\n

2.36 <\/p>\n<\/td>\n

\n

7.32 <\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones Corporate Bond Index <\/p>\n<\/td>\n

\n

-1.68 <\/p>\n<\/td>\n

\n

-1.16 <\/p>\n<\/td>\n<\/tr>\n<\/table>\n

On a float-adjusted basis, the Dow Jones Wilshire 5000,<\/strong> a broad measure of the domestic equity markets, gained 1.84% in March bringing its YTD performance up to 5.44% (on a full cap basis it gained 1.94% bringing its YTD performance up to 5.53%).<\/p>\n

The fixed income asset class as measured by the Dow Jones Corporate Bond Index<\/strong> returned -1.68% this month and with a return of -1.16% for the year, the index is back in negative territory (the index started the year down, but was up in February).<\/p>\n

The world equity markets, as measured by the Dow Jones World Total Market Index,<\/strong> were up 2.36% in March and up 7.32% for the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

A monthly report from Dow Jones Indexes on the performance of the Dow Jones Hedge Fund Strategy Benchmarks HedgeCo.Net – All six hedge fund strategies covered by Dow Jones Hedge Fund Indexes ended the first quarter of 2006 posting net-of-fees […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4249","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4249"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4249\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}