Hedge Funds Shed 0.21% In April

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).


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.