April showers dampen hedge fund performance

By Amal Robleh

Thu May 8, 2014

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Macro funds down again.


The HedgeFund Intelligence Composite gained 0.13% in April, marking a lackluster month of performance for hedge funds. Major market indices posted small gains for the month, with the MSCI World Index up 1.02% and the S&P 500 up 0.74%, though it was a rocky period for markets.

U.S. hedge funds notched minimal gains, with the Absolute Return Composite Index up 0.25%. The index is up 2.22% for the year.

Credit funds are now closing in on a full year with no down months. The last time the Absolute Return Credit Index was down was in June 2013 when it fell 1.26%. In April, credit funds climbed 0.90% and are up 4.03% for the year. 

The Absolute Return Macro Index dropped 0.68% in April, its second down month this year. The strategy hasn't suffered consecutive losses since last summer, and a difficult March and April have pushed the index to a loss of 1.12% in 2014.

Note: These indices were accurate as of May 8 and are subject to change. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.


HedgeFund Intelligence Indices
Median hedge fund returns by region

Region Database
April YTD
Asia AsiaHedge
-0.47% -0.83%
Europe EuroHedge
0.00% 1.38%
U.S. Absolute Return
0.25% 2.22%
UCITS UCITS
-0.20% 0.64%
Funds of Funds InvestHedge
-0.84% -0.24%
Global Composite HedgeFund Intelligence
0.13% 1.56%

Absolute Return Indices (Americas hedge funds)

Index April YTD
Credit 0.90% 4.03%
Event Driven 0.28% 3.11%
Latin American Equity 0.83% -1.72%
Macro -0.68% -1.12%
Managed Futures 0.46% -2.20%
Multistrategy 0.22% 2.67%
U.S. Equity 0.19% 1.96%
Composite 0.25% 2.22%


Global Benchmarks
Index April YTD
MSCI World Index 1.02% 2.30%
Dow Jones Industrial Average 0.75% 0.0%
S&P 500*
0.74% 2.55%
NASDAQ Composite -2.01% -1.49%
MSCI Europe Index 1.76% 3.62%
MSCI Pacific Free Index -0.71% -3.21%
* total return


About HedgeFund Intelligence

HedgeFund Intelligence  is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund  indices  that are the industry's most accurate benchmarks. Our frequent special reports  include in-depth analyses of various regions and sectors. Our  conferences  are renowned for the quality of the speakers and programming, and our objectively-determined  annual awards  are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Nick Evans via email (nevans@hedgefundintelligence.com) or at +44 (0) 20 7779 7355.

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