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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note