Energy Funds Jolt Hedge Fund Returns In April

May 9 2008 | 12:36pm ET

Hedge funds stormed back in April, returning almost 2% on average, according to HedgeFund.net.

The resurgence, which lifted every region and strategy tracked by HFN, was powered by the energy sector, which had its best month in the past 27. The HFN Energy Sector Average soared 5.7% last month, bringing it into the black year-to-date at 0.23%.

Overall, hedge funds added 1.96% in April, leaving it down 0.85% on the year. Emerging markets funds rose 3.23% (down 2.67% year-to-date), long/short equity funds 3.16% (down 2.57% YTD) and macro funds 2.32% (up 2.81% YTD). Among HFN’s regional averages, Asia took the top spot with a 3.38% return, although it remains down 5.42% in 2008.

Despite the strong month, all but three of HFN’s strategy indices remain in the red. In addition to energy sector and macro funds, CTA/managed futures funds are up 8.42% this year—better than twice the return of its nearest competitor—after a 0.24% April return.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of