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

Delayed Flash Crash Arrest Highlights Difficulties Detecting Fraud

Apr 23 2015 | 7:19am ET

The five years it took regulators to bring high-profile charges against a UK trader...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note