| Hedge Fund Index April Posted: 06 May 2011 10:26 AM PDT Hedge Fund Index AprilHennessee Hedge Fund Index Increases 1.3% in AprilA hedge fund index shows that hedge funds had an okay April, returning 1.3%. Equities still outperformed hedge funds pretty handily. The S&P 500 grew 2.9% and the Dow Jones climbed 3.98%. The Nasdaq Composite index increased by 3.32% in April. Blue chips in the US had a much better month, in fact their best of the year. Hedge funds posted gains in April but trailed the major stock indexes during a strong month for equities, according to hedge fund adviser Hennessee Group.
Hennessee Group co-founder Charles Gradante said "the investment environment remains challenging" for the generation of active returns, and shorting--betting on declining values--has been particularly tricky, detracting from overall performance.
U.S. blue-chip stocks saw their best month of the year in April, as first-quarter earnings reports sent major indexes to fresh highs at the end of the month.
Meanwhile, the Barclays Aggregate Bond Index rose 1.27% and the Barclays High Yield Credit Bond Index increased 1.55%. Source Related to: Hedge Fund Index AprilTags: Hedge Fund Index April, Hedge Fund Index April 2011, Hedge Funds in April 2011, Hedge Fund Performance, Hedge Funds Average  |
