April Rain Can’t Stop Hedge Funds’ Parade

May 8 2009 | 10:31am ET

Hedge funds posted positive performances in April as the rally in the equity markets helped buoyed the industry for the second straight month.

The HFRI Equity Hedge Index posted a 6.42% gain for the month, bringing its year-to-date gains to 6.12%. The Event Driven Index was up gaining 3.79% (4.19% YTD) and the Relative Value Index was also in positive territory, up 3.09% (7.19% YTD).

Other indices that didn’t fare as well last month include the Macro Index (-0.44%, -1.35% YTD) and the Short Bias Index (-7.5%, -5.46% YTD).

The HFRI Fund of Funds Composite Index gained 0.66% last month and is up 1.13% YTD. Emerging Markets also performed well gaining 7.95% in April and 9.14% for the year.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.