Hedge Funds Fall 0.38% In April

May 8 2012 | 12:27pm ET

Hedge funds dipped in April according to a widely-followed industry index.

The Hennessee Hedge Fund Index lost 0.38% last month. The drop is not as bad at that suffered by the Standard & Poor's 500 Index in April—the broader market index lost 0.75% on the month—but hedge funds still badly trail the S&P500, having missed out on its first-quarter rally.

"After a strong rally in the first quarter, hedge fund managers were positioned cautiously with lower net and gross exposures," Hennesee Group's Charles Gradante said. "However, managers still suffered losses as volatility spiked and correlations among securities increased regardless of fundamentals.

Equity long/short strategies were particularly hard-hit, Hennessee said. International funds also suffered, dropped 0.51% on the month.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

New customer protection rules have landed: Are you ready?

The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.