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Alternative Market Briefing Weekly

Opalesque Roundup: Hedge funds power ahead in April 2021: hedge fund news, week 19

Saturday, May 15, 2021

In the week ending May 14th 2021, eVestment published April 2021 hedge fund performance data that revealed hedge fund performance was broadly positive in April, with 85% of funds reporting to eVestment seeing positive performance figures and the industry as a whole posting a return of +2.61% for the month. Year to date (YTD) average performance for the industry stands at +7.61%, which is a fairly good relative return when looking across global equity and fixed income markets, according to eVestment Global Head of Research Peter Laurelli.

According to data released by HFR too, hedge funds advanced in April for the seventh consecutive month on strong corporate earnings and investor optimism regarding the US economic reopening, extending gains from both 1Q21 and FY20. The HFRI Fund Weighted Composite Index (FWC) gained +2.7 percent in April, while the investable HFRI 500 Fund Weighted Composite Index advanced +2.3 percent.

In performance news, Canadian commodities shop Auspice Capital is riding the recovery in commodities to new highs - Auspice is now up 15% across its trading programs year to date through the end of April and a China-focused hedge fund led by a 30-year-old who started trading as a teenager returned 120% in the first quarter, thanks in part to the unraveling of Bill Hwang's Archegos Capital Management.

Meanwhile, hedge funds' strategies to invest in private markets have been driving returns at a number of firms this year. Third Point, Greenlight, Tiger Global, and Maverick received big boosts in the first quarter from their private investing strategies; Carl......................

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