Tuesday, 28 July 2015
Last updated 4 hours ago
May 1 2008 | 12:41pm ET
The cruelest month has given hedge funds a little spring in their steps.
Hedge funds recouped some of their first-quarter loss last month, according to preliminary figures from Hedge Fund Research. The average fund returned 1.5% through April 28, after posting a 3% decline in the year’s first three months.
Still, hedge fund returns trailed the broader markets in April, when the Standard & Poor’s 500 added 4.8%. The S&P remains down 5.2% year-to-date.
Long/short equity funds were among the top performers last month, adding 2.8% to erase March’s decline.
Macro funds were among the worst performers, rising just 0.15%, though they remain the best of the eight HFR strategies year-to-date at 9.5%.
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…