Friday, 1 August 2014
Last updated 4 hours ago
May 16 2013 | 12:36pm ET
Hedge funds inched up in April as the equity market rally continued apace.
The Barclay Hedge Fund Index added 0.75% last month and is up 4.96% on the year. By contrast, the Standard & Poor's 500 Index rose 1.8% in April and is up over 12% on the year.
"Equity markets rose again in April on indications of continued easing early in the month and positive earnings reports later in the month," BarclayHedge President Sol Waksman said.
Only three BarclayHedge strategy indices lost ground last month: equity short bias, equity-market neutral and technology, losing 4.59% (down 13.3% year-to-date), 0.89% and 0.72%, respectively.
On the other hand, Pacific Rim equities surged 4.39% (13.5% YTD). distressed securities 1.58%, global macro 1.46%, emerging markets 1.22% and healthcare and biotechnology 1.17%.
Funds of hedge funds added 0.6% in April (3.96% YTD).