Hedge index down 0.3%

The CSFB/Tremont Hedge Fund Index fell 0.3% in March 2001, according to Roland Lorenzo, president and chief operating officer of Credit Suisse First Boston Tremont Index LLC. He said: 'Hedge fund investors enjoyed smooth sailing compared with the harsh losses suffered by traditional, long-only portfolios. Alternative strategies are providing investors with a safe harbour during stormy market conditions.' Robert I Schulman, president of Tremont Advisers, said: 'Managed futures programs provided the most protection against investment risk during March. The benefits of non-correlation prev...