Hedge fund managers returned 5.88 percent on a fund-weighted basis, posting their strongest showing since the third quarter of 2009, according to Hedge Fund Research Inc.
And the HFRI Asset Weighted Composite index was up 3.12 percent in the first quarter.
The three-month return of the HFRI Fund Weighted Composite index as of March 31 was the highest first-quarter return since the first quarter of 2006, when the index was up 5.98 percent. The return of the HFRI Asset Weighted Composite index in the quarter ended March 31 was the best since the 3.25 percent return in first quarter 2013.
Returns of both indexes were flat in first quarter 2018, with the HFRI Fund Weighted Composite index down 0.04 percent and the HFRI Asset Weighted Composite index return up a slight 0.48 percent.