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Bailey McCann, Opalesque New York: The Dow Jones Credit Suisse Hedge Fund Index finished down 0.04% in April, though it is still showing +4% year to date. A new report from Dow Jones Credit Suisse shows the overall performance of most major strategies. In total, the industry saw estimated outflows of approximately $8.35bn in April, bringing overall assets under management for the industry to approximately $1.75tn. The Managed Futures and Multi-Strategy sectors experienced the largest asset inflows on a percentage basis in April, with inflows of 0.53% and 0.14% from March 2012 levels, respectively.
Long/Short Equity funds finished down in April, ending a three-month positive performance run, as broader equity benchmarks finished in negative territory for the month. Dedicated Short Bias saw the
most significant outflows by
percentage of assets, followed
by Emerging Markets, despite
positive performance for the
latter sector.
Global Macro generated negative performance as a whole. Funds commonly reduced risk exposures as macroeconomic data continued to show weakness. Convertible bonds returned -0.47% on a
global basis, as measured by the Bank of America Merrill Lynch Global Convertibles Index. The
largest negative contribution came from European convertibles which were down approximately 1%.
On the positive side, Asia ex-Japan was the only re...................... To view our full article Click here
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