Fri, Sep 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

HFRX: Hedge funds report lukewarm performance in April

Thursday, May 03, 2012

From Komfie Manalo, Opalesque Asia – Hedge funds posted small positive gains in April 2012 as the HFRX Global Hedge Fund Index gained +0.12% during the month (and +3.27% YTD) with contributions from macro and relative value strategies.

Indeed, the HFRX Macro/CTA Index was up 0.43% (but still down YTD at -0.87%) with contributions from systematic and macro discretionary strategies; and the HFRX Relative Value Arbitrage Index was up 0.29% (+3.86% YTD), for its fifth consecutive month of positive results with contributions from convertible arbitrage, corporate fixed-income and yield alternative exposure.

In a monthly report, Chicago-based hedge fund data provider Hedge Fund Research (HFR) said yesterday that while the hedge fund industry saw minor gains, equity markets posted declines in April as investors focused on renewed concerns related to European sovereign debt crisis, upcoming European elections and mixed data on the strength of the global economic recovery. The HFRX Market Directional Index gained +0.32% (+3.53% YTD).

"Performance was mixed across sectors, with energy and cyclicals posting advances while financials, technology and telecom posted declines. By geographic region, gains in China were offset by declines across France, Spain and Italy. U.S. yields declined as the U.S. yield curve steepened, and the U.S. dollar declined against the Japanese yen and British pound, ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big