Lipper: Hedge Funds Flat In April

May 14 2010 | 1:15am ET

Hedge funds were basically flat in April despite rising equities markets.

The Lipper Hedge Fund Composite Index returned just 0.02% on the month. As if to emphasize the underwhelming performance, other hedge fund strategies topped the charts in April, rising 1.65%. Emerging markets funds rose an average of 1.23%. Most of the rest posted returns of less than 1%.

Convertible arbitrage funds added 0.54%, while managed futures funds added 0.41%. Long-bias funds actually managed to do slightly worse than the overall index, rising just 0.01%, despite the fact that the Standard & Poor’s 500 Index returned 1.57%.

Equity long/short funds lost 0.11% on the month.


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