Japanese Hedge Funds Add 15% YTD

May 8 2013 | 10:24am ET

Japanese hedge funds posted strong April and year-to-date returns, adding 4.22% and 15.87%, respectively, according to Eurekahedge.

The Eurekahedge Hedge Fund Index added 1.09% in April, riding upwardly trending markets, and 250 of the hedge funds tracked by the data provider have returned over 15.0% YTD.

Asia ex-Japan funds gained 2.37% on the month (6.13% YTD). All other regional funds covered by Eurekahedge gained under 1% on the month, with the exception of Eastern Europe and Russia funds, which shed 1.08% (and are down 1.64% YTD) and Latin American funds, which shed 0.02% (but are up 1.39% YTD).

Distressed debt funds continued their winning ways, adding 5.50% on the month to bring their YTD gains to 11.05%. CTA/managed futures funds added 1.89% in April, for YTD gains of 2.76% while macro funds added 1.42% on the month for YTD gains of 3.29%.

Multi-strategy funds gained 1.09% in April (3.35% YTD). Arbitrage funds and long/short equities funds both added 0.84% in April (5.50% and 3.67% YTD, respectively) while fixed-income strategies added 0.49% on the month (4.36% YTD) and event-driven funds added 0.47% (4.13% YTD).

Relative value funds were the only ones in the black in April, down 0.83%, but even they were up YTD, gaining 2.09%.


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