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.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…