Tuesday, 30 September 2014
Last updated 5 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...