Monday, 31 August 2015
Last updated 5 min ago
May 10 2007 | 1:13pm ET
Hedge funds had a strong April, driven by strong equity markets, event-driven and macro strategies. Hedge Fund Research’s HFRX Global Hedge Fund Index rose 2.21% last month, and has returned 3.82% year-to-date.
Unsurprisingly, market-directional strategies did best, as the Standard & Poor’s 500 Index rose 4.43% (5.1% YTD). The HFRX Market Directional Index jumped 3.1% in April (3.61% YTD). Among individual strategies, macro rose finally turned things around, rising 2.89% on the month, though it remains down 1.53% in 2007 to date. Equity hedge and event-driven funds also posted a strong month, rising 2.77% (4.47% YTD) and 2.63% (6.72% YTD).
Of the nine strategies tracked by HFR, only volatility posted a loss last month, falling 0.46% (down 3.32% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…