Friday, 19 December 2014
Last updated 12 min ago
May 5 2011 | 11:58am ET
Hedge funds added 0.47% in April, recovering from May's losses, data from Hedge Fund Research shows.
The HFRX Global Hedge Fund Index posted the increase last month as stocks rallied: The Standard & Poor's 500 Index rose 2.96% on the month. The HFRX index is up 0.87%, less than one-tenth the 9.06% return enjoyed by the S&P500 during the year's first four months.
Systematic diversified funds were far-and-away the best performers in April, rising 2.97%. But the strategy remains down 0.63% on the year following a brutal first quarter.
Fundamental growth and special situations funds also did well, adding 1.59% (2.39% year-to-date) and 1.23% (4.52% YTD, tops through four months), respectively. Multi-strategy relative value arbitrage funds rose 1.06% (2.2% YTD), event-driven funds 0.99% (3.42% YTD), merger arbitrage funds 0.9% (2.46% YTD) and relative value arbitrage funds 0.9% (2.21% YTD).
Six strategies lost ground in April, none more so that fundamental value funds, which shed an average of 0.83%. No strategy is having a worse 2011 than fundamental value, which is down 5.09% on the year.
HFRX's equity hedge and market directional indices each lost 0.51% (down 3.57% and up 0.12% YTD, respectively), while the multi-region index fell 0.5% (up 0.34% YTD).
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.