Saturday, 23 August 2014
Last updated 1 day ago
May 12 2010 | 2:54am ET
Hedge funds saw inflows for the 11th month out of 12 and posted strong investment performance in April, according to a report from HedgeFund.net.
Early estimates have the HFN Hedge Fund Aggregate Average up 1.55% on the month and 4.35% on the year. The Standard & Poor’s 500 Index was up 1.58% and 7.05% over the same periods.
According to HFN, hedge fund performance in April was driven by long equity exposures, with those funds focusing on small- and micro-cap funds doing the best. The average stock fund rose 1.76% on the month, while fixed-income hedge funds turned in an average return of 1.24%.
The strongest strategy last month was technology, which jumped 3.96% on the month (6.85% year-to-date). Corporate bond funds (2.13% in April, 4.8% YTD), oil and energy-related commodity funds (2.08% in April, 2.75% YTD) and agriculture funds (1.85%, down 0.82% YTD) also did well.
Regionally, the early returns show strong Aprils for both Indian and Japanese hedge funds at 4.4% (7.36% YTD) and 3.14% (9.57% YTD), respectively. The Middle East and North Africa was the only region to see an average decline for its hedge funds, down 0.33% (but still up 8.9% on the year).
Meanwhile, investors continued to reward hedge funds for their positive performance with $7.67 billion in net inflows last month. Combined with $28.52 billion in performance increases, hedge fund assets rose 1.6% last month to $2.299 trillion.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note