Greenwich Global Hedge Fund Index Gains 0.59% in April; Up 2.90% YTD

May 25 2017 | 10:50pm ET

Hedge funds reported their sixth consecutive month of returns in April, according to data from Greenwich Alternative Investments, booking a composite return of +0.59% during the month and bringing its YTD tally to +2.90% 

Performance was evenly mixed across multiple strategies, Greenwich said in a statement. Equities in several developed markets capitalized on another good earnings season to rebound from a mediocre March. The UK was a notable exception, as shares and the pound dipped sharply on the announcement of the snap election by Prime Minister Theresa May. 

The data from Greenwich echoed other industry data providers in reporting strong performance among emerging markets, which gained +2.04% as represented by the MSCI Emerging Markets Index.

Other Global Index Strategy Highlights:

  • Hedge funds that are focused on Growth equities led all Greenwich Global indices once again, up +1.24% in April and +6.85% year-to-date. Funds with a focus on Asian Emerging markets were up +2.80%, the best-performing Greenwich index in April and year-to-date. 

  • Performance differentiation between Global indices was the lowest it has been since April 2014, with a standard deviation of 0.51% in both cases. 

  • Distressed Securities managers posted the largest turnaround, up +0.45% versus down -1.04% in March. 

Established as the Van Hedge Global Fund Index in 1995, the Greenwich Global Hedge Fund Index is one of the oldest benchmarks of the hedge fund universe. It is published monthly in the first week and revised in the third week of each month. The company’s database contains approximately 200 data points on more than 7,000 alternative investment funds.

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