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Alternative Market Briefing

Preqin All-Strategies Hedge Fund benchmark returns +5.82% in April

Wednesday, June 03, 2020

Laxman Pai, Opalesque Asia:

Hedge fund performance bounced back in April 2020, after recording substantial losses in March, said a report.

The Preqin All-Strategies Hedge Fund benchmark returned +5.82% in April, the highest monthly return since May 2009 (+6.56%).

"Performance was boosted by a substantial recovery in public markets as many countries began to ease lockdown restrictions brought on by the outbreak of COVID-19, signaling a potential economic recovery," said Preqin.

According to the report, equity strategies were the top-performing hedge funds in April 2020. Their return of +7.40% for the month is almost two percentage points higher than that of the Preqin All-Strategies Hedge Fund benchmark, showing that long equity market exposure delivered for investors in April.

In a similar trend to the wider hedge fund market, equity strategies posted their best monthly return since the soaring equity markets of 2009, a year in which they produced an annual net return of +40.78%, it said.

Meanwhile, North America-focused hedge funds delivered the highest return among top-level regions, returning +7.47% in April as the S&P 500 rallied to +12.68%. Indeed, funds providing a North America-focused long-bias equity strategy were the standout performers in April with a return of +15.09%, even outperforming the S&P 500.

After recording the highest return among top-level hedge fund strategies for Q1 2020, CTAs saw their fortunes reverse. CTAs' April re......................

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