Preqin Quarterly Update: Hedge Funds, Q1 2014
The mood entering 2014 was buoyant, following two back-to-back years of double digit returns in 2013 and 2012. Investor sentiment was looking particularly rosy as performance of hedge funds in 2013 met or exceeded expectations for the majority of investors. However, the first quarter of 2014 has been one of mixed results. January and March returns were both in the red, with only February’s benchmark performance of 1.76% keeping performance for hedge funds in positive territory for the quarter.