Opalesque Industry Update – Hedge funds were up +0.79% in April 2013 posting their fourth straight month of growth in April. Distressed Securities managers led all strategies, adding +2.98% during the month. Regionally, managers focusing on Asia’s developed markets also had a strong month, up +3.39%. Equity markets, as measured by the S&P 500 TR and MSCI World Price Index, increased by +1.93% and +2.90% respectively. 66% of reporting funds reported positive performance for the month. |
Global Index Strategy Highlights
• Distressed Securities is now the top strategy performer for 2013. April saw strong growth of nearly +3% on average during the month, increasing the strategy’s YTD performance to +7.99%. Macro and Event-Driven managers also saw strong performance in April adding +1.73% and +1.51% respectively.
Greenwich Alternative Investments: www.greenwichai.com