Mon, Dec 22, 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und