HFR, RBC Indices Rise In April

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).


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of