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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR