Tuesday, 21 February 2017
Last updated 58 min ago
May 13 2010 | 3:22am ET
April wasn’t the cruelest month for hedge funds. But it wasn’t much to write home about, either, according to Dow Jones Hedge Fund Indexes.
The equity long/short benchmark did the best on the month, rising 1.45% (5.11% year-to-date). Merger arbitrage funds added 0.83% (1.49% YTD), while event-driven funds returned 0.58% (2.94% YTD).
By contrast, the Standard & Poor’s 500 Index rose 1.57% in April and is up 7.05% on the year.
Dow Jones’ convertible arbitrage, distressed securities and equity market-neutral benchmarks remained suspended in April.