Sunday, 4 October 2015
Last updated 2 days ago
May 16 2014 | 1:12pm ET
Hedge funds fell for the second month in a row in April, as long/short equity strategies failed once again to keep up with the broader markets.
The Credit Suisse Hedge Fund Index fell 0.21% last month, cutting its year-to-date gain to 0.73%. By contrast, the Standard & Poor's 500 Index rose 0.62% on the month and is up 1.93% on the year.
Long/short equity funds suffered the heaviest losses in April, dropping 1.03% (up 0.54% year-to-date). Equity market neutral funds fell 0.7% (down 0.95% YTD), emerging markets funds 0.58% (down 2.59% YTD), multi-strategy funds 0.43% (up 1.52% YTD) and event-driven multi-strategy funds 0.14% (up 2.69% YTD).
Short-bias funds enjoyed the strongest month of any strategy, in spite of the S&P's gains. Such funds added 3.77% in April (down 0.56% YTD). Risk arbitrage funds advanced 0.55% (1.28% YTD), fixed-income arbitrage funds 0.44% (2.52% YTD), managed futures funds 0.42% (down 3.89% YTD), distressed funds 0.37% (3.45% YTD), convertible arbitrage funds 0.33% (2.8% YTD), event-driven funds 0.03% (2.93% YTD) and global macro funds 0.01% (down 0.6% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…