Hedge Funds Continue Gains In First Quarter 2000

April 10, 2000 (PLANSPONSOR.com) - Hedge funds on average outperformed the S&P 500 in the last quarter, booking gains for the sixth consecutive quarter, according to preliminary estimates by Van Hedge Fund Advisors.

On average, U.S. hedge funds in Van’s database booked a 12.4% net gain for the first quarter, compared with a 9.8% net gain for the S&P 500 over the same period. The Dow Jones Industrials posted a negative return in the quarter.

“Preliminary estimates show all but four investment strategies gaining in March, and all but two strategies are positive for the year to date,”said Steven Lonsdorf, Van’s CEO. “Several strategies, Income and Short Sellers, appear to be the winners of the funds reporting at this time.”

The hedge fund advisory firm based its preliminary data on information hedge funds reported to Van.