Most Absolute Return indices well ahead of 2008 performance


Most hedge fund strategies tracked by Absolute Return have produced enviable gains in the first four months of the year, well outpacing their performance from the same period last year, with thirteen of sixteen strategies coming out ahead.

Through April, only the Commodities, Macro and Managed Futures indices are below their 2008 first-third gains, when many managers in those strategy areas took full advantage of strongly trending markets.

The Convertible & Equity Arbitrage Index produced its highest gain since at least 2000, rising an astounding 14.32%, benefiting from market volatility that tends to be heavily profitable for the strategy.