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Hedge funds up 0.88% in April

Tuesday, May 17, 2016
Opalesque Industry Update - Eurekahedge reported that hedge funds were up 0.88% in April. On a year-to-date basis, hedge funds gained 0.39% - 51.4% of managers were in the red in April 2016 year-to-date compared to 21.2% of managers who posted negative year-to-date returns over the same period in 2015.

All strategic mandates were up this month with relative value hedge funds posting the best returns among all strategic mandates up 1.96%. This is followed by event driven and macro hedge funds which increased 1.34% and 1.14% respectively.

Long/short equities hedge funds were the only mandate to post negative year-to-date returns and lost 1.35%, the strategy's worst year-to-date returns since 2008.

Latin American hedge funds were up for the third consecutive month, leading the tables with gains of 3.93%. On a year-to-date basis, Latin American hedge fund managers also topped the tables with 9.61% of returns. Year-to-date investor allocations for Latin American currently stands at US$0.7 billion, having seen three consecutive months of inflows for the period ending April.

Japan-mandated hedge funds were the only regional mandate to post negative returns in April, down 0.80%. On a year-to-date basis, Japan managers decreased by 3.60% - the mandate's worst year-to-date return on record.

European managers posted their fourth consecutive month of performance-based declines, totaling US$7.4 billion on a year-to-date basis. On the other hand, European managers also recorded the highest investor allocations across all regional mandates with US$13.2 billion on a year-to-date basis.

Asia ex-Japan managers were up 0.92% in April, and down 1.93% year-to-date. As of April 2016, investors have allocated US$2.9 billion into Asia ex-Japan mandated hedge funds while a performance-based decline of US$2.5 billion was recorded.

The CBOE Eurekahedge Relative Value Volatility Index was up 0.59% in April and 2.36% on a year-to-date basis, leading the suite of CBOE Eurekahedge Volatility Indexes.

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