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Article: Emerging Markets, Global Macro Funds Top March CSFB/Tremont Index
- Article from:
- Daily News
- Article date:
- April 15, 2004
- Author:
CopyrightCopyright 2004 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (HedgeWorld.com) - Hedge fund managers who took
international bets generated the best returns in March, according to
Credit Suisse First Boston/Tremont Hedge Fund Index returns.
Emerging markets managers tracked by the index earned 1.83% in
March, leading all other strategies. Global macro managers earned
0.97%, the second-best return among the 10 sectors tracked by the
index.
"Emerging markets managers took advantage of geopolitical
fluctuations during March and outpaced all other strategies," said
Robert I. Schulman, co-chief executive of Tremont Capital Management
Inc.,* Rye, N.Y.
Overall, the CSFB/Tremont Hedge Fund Index returned 0.28% in
March, bringing its year-to-date return ...