HFRX: Hedge Funds Up 0.62% In April

May 6 2013 | 1:40pm ET

Hedge funds continue to lag as stocks continue to surge, according to an industry index.

Hedge Fund Research's HFRX Global Hedge Fund Index rose 0.62% in April, a month that saw the Standard & Poor's 500 Index add a further 1.81% to its double-digit returns for the year. By contrast, the HFRX benchmark is up only 3.77% in the first third of 2013.

Emerging markets funds did best in April, rising 2.32% (3.38% year-to-date). Convertible arbitrage funds returned 2.2% (5.97% YTD), special situations funds 1.2% (8.65% YTD) and credit funds 1.12% (4.2% YTD). Master-limited partnerships rose an average of 0.51% on the month to hit 15.98% on the year, by far the best return of any strategy tracked by HFR.

Event-driven funds added 0.95% (6.32% YTD), merger arbitrage funds 0.85% (2.26% YTD), equity hedge funds 0.56% (5.73% YTD), macro funds and commodity trading advisers 0.5% (0.54% YTD), equity-market neutral funds 0.47% (1.02% YTD) and relative-value arbitrage funds 0.47% (2.16% YTD).

Only systematic diversified CTAs lost ground, on average, in April, falling 0.05% (down 0.89% YTD).


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note