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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note