Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investors poured money into hedge funds in April

Wednesday, May 11, 2011
Opalesque Industry Update - Hedge funds returned an average of 2.05% in April 2011 and the rate of net investor inflows was again above the 2010 average.

Below are early estimates for April hedge fund performance and asset flows. A full report will be available later in the month.

April Highlights:

The equal weighted HFN Hedge Fund Aggregate Index was +2.05% in April 2011 and +3.45% year-to-date (YTD). The S&P 500 Total Return Index (S&P) was +2.96% in April and +9.06% in the first four months of 2011. Hedge fund assets increased an estimated 2.27% in April to $2.607 trillion. Investors added a net $14.2 billion during the month for a core growth rate2 of 0.56%. This is a slight increase from March and well above the average for 2010.

Overall hedge fund industry performance was strong in April. Commodity strategies housed the majority of above average returns. Commodity (non-FX), FX and financial futures focused funds performed best posting +4.92%, +4.71% and +4.14% for the month, respectively. Notably, these groups were generally flat coming out of Q1 2011. CTA/managed futures funds accounted for the ten highest Outlier ratios3 in April, an indication that returns from many of these strategies were well outside their norms. Seven of the ten highest ratios were FX focused strategies. Emerging markets strategies were mixed in April. Funds investing in the MENA region, Brazil and China led the EM group. India funds continued to post losses, -0.47% in April and -7.64% for 2011; Russia funds were the worst performing regional classification in April, -3.59% and +2.24% YTD.

Japan focused funds reported another down month at -1.28% pushing them into negative territory, -0.96%, for the year.

Equity slightly outperformed credit strategies during the month. Healthcare and financial sector equity funds were among the top performers up +2.75% and +1.71% in April. Mortgage strategies continued to post positive results, +1.52% in April and +7.15% YTD.



What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with