Wednesday, 1 October 2014
Last updated 9 hours ago
May 8 2007 | 11:32am ET
A pair of indices show that hedge funds had a strong April on the back of soaring global equities markets, but their lead on the broader markets has been whittled to an almost negligible amount.
HedgeFund.net’s Hedge Fund Aggregate Average posted its best month in over a year, and its best April since 1999, rising 2.61% on the month. The index is now up 5.21% year-to-date. But a rising tide lifts all (or most) boats, and this tide lifted the Standard & Poor’s 500 Index higher, with the broad-market benchmark jumping 4.43% in April to reach 5.1% year-to-date, all but wiping out the lead hedge funds built in the first quarter.
The top-performing strategies were equity long/short and event-driven, with the former rising 2.46% (5.8% YTD) in the HFN index and 2.74% (6.92% YTD) in the Dow Jones Hedge Fund Strategy Benchmarks, while the latter added 3.18% (8.49% YTD) according to HFN and 2.34% (5.68% YTD) according to Dow Jones.
Other strong performers in the HFN indices included emerging markets (3.58%, 7.66% YTD) and energy sector (3.55%, 7.4% YTD). Regionally, Asian and Latin American funds were good bets in April, at 5.09% (7.96% YTD) and 4.37% (10.95% YTD), respectively.
Both sets of returns showed all strategies in positive territory both in April and year-to-date.
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…
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