HFRX: Hedge Funds Up 0.47% Last Month, 0.87% YTD

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).


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note