Pivotal Point of View — March 2021

Published 12 April 2021 · Covers March 2021

Originally issued as March 2021.

The PivotalPath Hedge Fund Composite Index added 0.8% in March, bringing the index up to 4.2% YTD. 62% of managers reported positive monthly performance, with over three-quarters of funds up in Q1. At the composite level, dispersion remained slightly elevated (3.7% vs. the long-term average of 2.9%).

+0.5%Composite, March

+3.7%Composite, year to date

+3.7%Composite, Q1

Equity QuantLeading strategy

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Headline strategy indices

Strategy	March	Year to date
Equity Quant	+3.4%	+2.2%
Managed Futures	+1.2%	+3.4%
Global Macro	+1.2%	+2.5%
Equity Diversified	+1.1%	+4.3%
Credit	+1.0%	+4.9%
Volatility Trading	+0.3%	+2.0%
Event Driven	+0.3%	+5.9%
Multi-Strategy	−0.3%	+4.3%
Equity Sector	−2.1%	+0.6%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

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Pivotal Point of View — March 2021

Headline strategy indices

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