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MSCI Hedge Fund Index Sees Performance Gains In March

by Carla Johnson, Investors Offshore.com

30 April 2004

MSCI published March performance data for its Hedge Fund Composite Index this week, returning a positive 0.41% for the month.

This compared favourably to the MSCI World Equity index which declined 0.66% in March, although hedge funds were outperformed by the MSCI World Sovereign Debt Index, returning 1.42% for the month, the firm revealed.

Despite recently declining equity markets, MSCI stated that its Hedge Fund Equity Index gained 0.50% in March.

The best performing sector on a geographical basis was the MSCI Hedge Fund Japan Index, which rose an "exceptional" 9.4% in March. The MSCI Hedge Fund Europe Index by contrast, declined -0.44 last month.

The MSCI Hedge Fund Database consists of over 1,700 funds representing more than $200 billion in assets. Over 98% of the funds reported performance for the March index calculation.

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