Sunday, 23 November 2014
Last updated 2 days ago
May 16 2007 | 12:13pm ET
A pair of indices show hedge funds posted gains in April, but those gains appear decidedly modest compared to the performance of global equity markets.
Hedge Fund Research’s HFRI Fund Weighted Composite Index rose 1.96% in April (4.86% year-to-date), while the RBC Hedge 250 Index added approximately 1.63% on the month (4.53% YTD). By contrast, the Standard & Poor’s 500 jumped 4.43% last month (5.1% YTD).
Emerging markets funds were the best performers both in April and year-to-date, according to HFR, rising 3.08% to reach 8.49% for 2007. Other strategies boasting strong Aprils included equity hedge (2.08%, 5.12% YTD), macro (2.06%, 2.66% YTD) and event-driven (2%, 5.89% YTD). All eight strategies tracked by HFR were in the black last month; the worst performer, convertible arbitrage, still managed to return 0.95% in April (3.83% YTD).
Funds of funds rose 1.72% last month (4.9% YTD), according to HFR. Its Market Defensive Index was the strongest among its fund of funds subindices, adding 2.43% in April (3.49% YTD).
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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