These Small-Cap Funds Returned Percent And 9 Percent Despite Sizable Large-Cap Outperformance

Corsair Capital returned an estimated 3.1% net for the first quarter, while Corsair Select gained about 9.1% net. Since its inception in January 1991, Corsair Capital has generated a compounded net annual return of 11%. Corsair Select's compounded net annual return since its inception in January 2004 is 9.1%.

For comparison, HFRI's Equity Hedge Index returned 3.4% for the first quarter while the S&P 500 gained 7.5%, and the Russell 2000 returned 2.7%. The Equity Hedge Index has generated an annualized return of 10.4% since January 1991 and 5.1% since January 2004, versus the S&P 500's 10.3% and 9.2% returns, respectively. The Russell 2000 has generated annualized returns of 9.9% since January 1991 and 7.7% since January 2004.

Q1...