Hedge Funds Bounce Back In April

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%.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of