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In the week ending May 10th 2019, Hedge funds gained an average of +1.26% in April, the fourth consecutive month of positive returns according to eVestment April 2019 hedge fund performance data. Hedge funds are up +6.52% year to date through 2019, representing the industry's best first four months since 2006.
Event Driven and Activist strategies were big winners in April, returning an average of +2.79% last month and +9.94% so far this year. This is a noticeable turnaround from 2018, when Event Driven and Activist funds were deep in the red at -10.30%. However, quantitative equity funds have bled almost $25bn in assets since October as poor performance prompts investors to question the effectiveness of the previously top-selling strategies.
Further in performance news, the month of April saw CTAs outperforming hedge fund strategies for the second month in a row, and according to the Lyxor CTA peer group, the strategy was up 1.6% last month, bringing year-to-date performance close to 5%, while the hedge-fund industry has trailed the market for 10 straight years, but Lyxor's review shows that many smaller funds are doing well. Also the SG CTA ...................... To view our full article Click here
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