Hedge Funds Rise In April, Beta Index Shows

May 3 2013 | 9:40am ET

Hedge funds opened the second quarter with gains—but once again failed to match or exceed the returns of the broader markets.

The Credit Suisse Liquid Alternative Beta Index rose 1.11% in April, its third positive month in four this year. The industry replication benchmark lagged the Standard & Poor's 500 Index, which rose 1.81% on the month, and badly lags the S&P500 on the year: The LAB Index is up just 3.3%, which the market index is up double-digits.

Not all hedge fund strategies, however, fell short against the market last month. Long/short funds rose an average of 2.43% (2.06% year-to-date), the LAB suite shows. Managed futures funds also topped the S&P500, up 2.01% (5.88% YTD, the best through four months).

Event-driven funds added an average of 0.93% (4.35% YTD) and global strategies 0.86% (3.25% YTD). Merger arbitrage funds lost ground, dropping an average of 0.47% (up 4.2% YTD).


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...