Hedge Funds Rise 2.28% In April

May 20 2008 | 12:47pm ET

Hedge funds bounced back in April, rising 2.28%, according to new figures from BarclayHedge.

Sixteen of the firm’s 18 indices were in positive ground last month, led by strategies buoyed by April’s equity market rally. Technology funds returned 6.41% after losing 5.58% in the first quarter. Emerging markets funds also rallied after a tough first three months and returned 3.87% in April, with Pacific Rim equities funds adding 3.75%.

“Global equity markets enjoyed a broad-based rally in April, raising stock prices in both developed and emerging markets,” Sol Waksman, BarclayHedge president, said. “Stock markets in Brazil, China and India saw double-digit increases for the month.”

Other strong performances were turned in by fixed-income arbitrage funds, which rose 3% on average, and distressed securities funds, which added 1.99% after five straight losing months.

The BarclayHedge Fund of Funds Index returned 1.16% last month.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note