Preqin: CTAs Slacken Further, Single Manager Funds Gain 1.28% in April

May 19 2015 | 1:40pm ET

Recent outperformance by CTA funds dissipated further in April, with the segment falling -1.65%, but single-manager hedge funds booked 1.28% during the month and are now ahead 4.23% through the first four months of the year, according to industry data provider Preqin.

The Preqin All-Strategies Hedge Fund Benchmark is now up 7.20% over the past twelve months. In contrast, CTAs are up 12% over the same period despite the rough sledding so far this year. 

Of the six hedge fund substrategy categories, Equity returned 1.87%, Event Driven 0.97% and Multi-Strategy 1.21%. Macro was slightly above breakeven, at 0.11%. Equity hedge funds are now up 5.12% YTD and 8.39% for the 12-month period. 

Activist strategies returned 1.75% in April and are now up 5.21% for the year to date. For the rolling 12-month period, Activist funds have gained 10.47%.

Asia-Pacific-focused funds measured by Preqin gained 5.18% in April, the seventh consecutive positive monthly return and the highest in the region since May 2009, while emerging markets in general gained 3.70% in April. The EM result outperformed developed markets, while lost -0.20%.

Funds of hedge funds booked their sixth consecutive positive monthly return, delivering 0.30%. Funds of CTA Funds, however, were weak, losing -5.56%. They remain up 22.17% for the 12-month period.  

Preqin’s UCITS Hedge Funds benchmark gained -.64%, led by a 1.58% return in Equity UCITS strategies.


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