10/05/2016
Hedge funds gained 1% in April
The hedge fund industry is showing solid returns. The HFRI Fund Weighted Composite index gained 1% in April, fully recovering the losses posted in first quarter 2016, according to statistics released by Hedge Fund Research (HFR). The index now shows positive returns of 0.33% since the beginning of the year, compared with negative returns of 0.7% at the conclusion of first quarter.Credit, energy and event-driven strategies have largely contributed to the positive performance of hedge funds in the past month, while funds dedicated to emerging markets continued to recover. In detail, the HFRI Relative Value index gained 2.1% in April, the best monthly performance since September 2009, bringing returns since the beginning of 2016 to 1.5%. The HFRI Credit index, for its part, gained 1.6% in April, while the HFRI RV: FI-Corporate index earned gained of 2%. Meanwhile the HFRI RV: Convertible Arbitrage index gained 1.6% in April, and the HFRI RV : Yield Alternative gained 6.9%.The HFRI Event Driven index earned gains of 1.5% in April, bringing its returns since the beginning of the 2016 fiscal year to 1%. The HFRI Equity Hedge index gained 1.3% in April, while the HFRI Emerging Markets index earned gains of 2.3%, bringing returns since the beginning of the year to 1.9%. Lastly, the HFRI Macro index saw a loss of 0.3% in April, bringing its returns since the beginning of the year to 1.2%.
