EDHEC-Risk Institute: Hedge Fund Performances Take A Break In A Rising Stock Market Date Click here to download the latest performance update of the EDHEC-Risk Alternative Indexes. The month of March was characterized by a strong performance on the stock markets, with the S&P 500 registering a second consecutive month of profits (4.38%). Market implied volatility decreased to 19.40%, its lowest value since the beginning of 2020, but also a value lower than its long-term average performance (around 21%); On the bond market, the situation deteriorated, as both regular bonds (-1.00%) and convertible bonds (-2.58%) posted negative returns. Concerning regular bond, this is the third consecutive month of decrease, while for convertible bonds, this decrease occurs after five months of strong increases. Concerning commodities market, the GSCI Commodity Spot index decreased (-2.01%) after four consecutive months of strong positive performances;