Henderson, Odey April Losers, But '12's Big Winners

May 14 2012 | 12:56pm ET

Two top hedge funds suffered worse-than-average Aprils, according to industry trackers.

Henderson Global Investors and Odey Asset Management all dipped more than industry indices last month. As usual, Bridgewater Associates, the world's largest hedge fund, did not: It's flagship Pure Alpha fund rose 0.41% in April.

On the other hand, the other three hedge funds are in the black for the year after strong first quarters, while Bridgewater remains down 0.41% on the year, HFMWeek reports.

Henderson lost 4%—more than four times the average hedge fund's loss—but no one seems to be complaining, in part because its European Absolute Return Fund remains up 31% this year. Odey's European Fund lost 3.04% in the first half of April, but was still up 16.07%.

Another of the first quarter's best performers, Pershing Square Capital Management, managed a (relatively) small gain in April. The firm's International Fund added 0.9% on the month and is up more than 10% this year.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...