Hedge Funds Up 0.12% In April

May 16 2012 | 7:26am ET

Hedge funds added 0.12% in April, according to the HFRX Global Hedge Fund Index, putting their YTD gains at 3.27%.

The best performers in April were macro/CTA funds, up 0.43% (although down 0.87% YTD), led by systemic diversified CTA strategies, up 0.48% and active trading strategies, up 0.61%

Relative value arbitrage strategies ended the month up 0.29% (and up 3.86% YTD). The best performing strategies in this category were fixed-income asset-backed, up 1.39% and real estate, up 0.58%. All relative value arbitrage strategies are in the black, YTD.

Event driven strategies were down 0.10% (but up 5.71% YTD). The biggest losses in this category were posted by distressed restructuring funds, down 0.51% and special situations funds, down 0.45%. Credit arbitrage strategies, on the other hand, were up 0.48% and multi-strategy funds were up 0.46%. All event driven strategies are positive, YTD.

Equity hedge funds were down 0.09% in April (up 3.84% YTD). The worst results in this category were posted by multi-strategy funds, down 1.78% and equity market neutral funds, down 1.52%. The best performers were fundamental growth funds, up 0.33% and fundamental value funds, up 0.15%.

In terms of regional funds, MENA funds turned in the best performance in April, gaining 1.05%, followed by Northern Europe, up 0.78%. The worst performers were Russian funds, down 1.65% and Japan funds, down 1.12%. Year to date, all the regional strategies in the HFRX indices were positive.


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Editor's Note