Eurekahedge: April Strong For N. American Hedge Funds

May 8 2009 | 8:54am ET

By Ankur Samtaney, Eurekahedge Analyst – April was another strong month for hedge funds, with the Eurekahedge North American Hedge Fund Index up a solid 4.4%. Gains were mostly seen coming from equity allocations, as the markets continued their steep upturn amid declining investor risk aversion.

The S&P 500 rose 9.4% during the month, partly owing to better-than-expected quarterly earnings results. As a result, long/short managers turned in returns averaging an impressive 4.8%; bets in favor of equities were largely profitable, while some equity market neutral funds and others with significant short exposure turned in subdued gains or losses.

CTAs, on the other hand, had another flat to negative month owing to varied returns across managers. Diversified futures- and stock futures-investing funds fared well on the whole, while some trading purely in the currency and commodity suffered losses.

The currency markets were characterized by slight weakness in the Euro and Swiss franc against the US dollar, while the Yen was appreciated marginally.

In the commodity markets, while movement was generally mixed, precious metals were down in April, on the back of a notable decline in risk aversion.

Download: The Eurekahedge North American Hedge Fund League Tables (PDF)

 


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note