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Investing April 7, 2003
Van Global Hedge Fund Up In March
April 7, 2003 (PLANSPONSOR.com) - The Van Global
Hedge Fund Index advanced 0.5% net of fees in March according
to a preliminary data.
Reported by Fred Schneyer
The Index is calculated on the basis of returns submitted to Van Hedge Fund Advisors International, Inc. (VAN). Van notes that the preliminary March figure is the average of approximately 300 fund returns. Excluding the performance of funds of funds, the Index rose 0.6% net.
March marks the Index’s fifth gain in the past six months. During the year’s first quarter, the Van Global Hedge Fund Index rose approximately 1% net of fees. Major stock market indices, in contrast, were largely negative as the S&P 500 lost 3.1% and the MSCI World Equity Index fell 5.5%. The NASDAQ Composite, however, managed a 0.6% first quarter increase.
The Van Global Hedge Fund Index tracks performance of the hedge fund universe dating back to January 1988. The Index is based on hedge fund performance after the deduction of all hedge fund fees and expenses. An updated March Van Index, based on a larger sample of funds, will be released in mid-April.