Benedicte Gravrand, Opalesque London:
Last week, we heard of fund launches from QCM (UCITS managed futures); EquityStar (equity L/S); new HF firm Edoma Capital; new HF firm Cayuga Capital; Legg Mason and Western (Ucits L/S credit); and Oracle Capital (structured credit).
The Greenwich Global Hedge Fund Index went up 1.1% (est.) in April, 3.7% YTD; The Credit Suisse/Tremont Hedge Fund Index posted 1.49% (est.), 4.63% YTD; The Hennessee Hedge Fund Index was up 1.30%, 4.61% YTD; The HFN Hedge Fund Aggregate Index returned 1.55%, 4.35% YTD; The HFRI Fund Weighted Composite Index went up 1.29% (est.), 3.79% YTD; And the Lyxor Global Hedge Fund index was up 0.9%, lifting YTD gains to 3.0%.
Global hedge funds took in $7.6bn of new ......................
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