Wednesday, 25 November 2015
Last updated 5 hours ago
May 6 2011 | 1:05pm ET
Hedge funds posted underwhelming gains in April, according to a pair of industry indices.
The Bloomberg Aggregate Hedge Fund Index added 1.4% last month and the Hennessee Hedge Fund Index 1.3%. Both badly trailed the Standard & Poor's 500 Index, which rose 2.96% on the year.
Hennessee Group co-founder Charles Gradante blamed an "investment environment" that "remains challenging."
Still, the news wasn’t all bad: Bloomberg, which said its index was up 3.7% year-to-date, added that April's returns brought the benchmark to its highest level in almost three years. The index's 127.99 level at the end of April is its best mark since June of 2008.
Bloomberg said that long/short equity funds returned an average of 2% last month, macro funds 1.7% and multistrategy funds 1.2%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…