Citco Monthly Hedge Fund Update - March 2026

Hedge funds had their first negative month in almost a year in March as conflict in the Middle East rattled markets and impacted sentiment.

The weighted average return across the $1.3trn of hedge fund assets administered by the Citco group of companies (Citco) came in at -3.5%, with almost three quarters of funds in the red for the month.

Equity and Multi-Strategy portfolios saw the heaviest declines, but some strategies had positive months, with a 3.3% weighted average return for Commodities funds and 1.1% for Global Macro strategies.

These are some of the findings from Citco's March Monthly Hedge Fund Update, which explores performance, capital flows, trade volumes and treasury volumes.