Staff
Hedge funds posted their second consecutive month of negative returns in April with the Eurekahedge Hedge Fund Index down 0.15% as global markets continued to falter amid a sluggish start to the year.
On a year-to-date basis, hedge funds are up 0.78%, slightly ahead of the MSCI World Index which has returned 0.75% in the first four months of the year.
Other key findings show:
- Global hedge funds were up 0.78% year to date as North American, European and Latin American managers lead with gains of 2.16%, 1.03% and 0.38% respectively.
- The Top 100 best-performing hedge funds during the month posted average returns of 4.21%, with long/short equities and commodity trading advisor/managed futures constituting 72% of these funds.
- Net asset flows as at April 2014 year to date crossed the US$50 billion mark, with capital allocations to North American managers at US$24.8 billion and those to European managers at US$25.1 billion.
- Japanese hedge funds were down for the fourth consecutive month although they have outperformed the Nikkei 225 Index by more than 10% year to date, a significant outperformance.
- Latin America-focused managers surpassed all regional mandates delivering the strongest gains—up 0.77% in April, outperforming the MSCI Emerging Markets Latin America Index by 1.51% on a year-to-date basis.
- Distressed debt, fixed income and arbitrage strategies delivered returns of 2.98%, 2.60% and 1.61%, respectively.
This story originally appeared on our sister site, Advisor.ca.
Related articles: