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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds up 6.52% YTD, best first four months since 2006: hedge fund news, week 17

Saturday, May 11, 2019

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 Index was up 2.76% and is now firmly in positive territory for 2019 year to date (+4.74%), and the Eurekahedge Hedge Fund Index was up 1.13% in April, supported by the global equities which advanced on encouraging economic data and accommodative central bank policies.

Meanwhile, Monica Hsiao-founded Triada Capital's fund has generated almost 10% after f......................

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