The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 14 hours ago
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.