Dow Jones Hedge Indices Show Mostly Drawdowns

May 7 2009 | 10:56am ET

Three of the five hedge fund strategies published by Dow Jones Hedge Fund Indexes posted losses in April.

Merger arbitrage moved out of the top spot on a year-to-date basis falling 29 basis points for the month, lowering its 2009 return to 2.34%. Equity long/short fell nearly half a percent and is -1.01% for the year and equity market neutral rounded out the benchmarks with a loss of 85 basis points, increasing its YTD loss to -2.72%.

Event driven, the strongest performer for the month, nearly broke 1% in gains, and now sits atop the other strategies for the year with a 3% return. Conversely, despite a modest 0.35% gain for April from distressed securities, the benchmark remains a distant laggard among the strategies for the year, returning -9%.

Convertible arbitrage was suspended on Jan. 2 and remained suspended through the month of April.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of