Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into April Hedge Fund Performance (Credit Suisse)

April 2013

KEYWORDS: Hedge Fund Performance, global macro, long/short equity, strategy, index, arbitrage, Emerging Markets, S&P 500, event driven, fixed income, managed futures, multi-strategy funds

Authors:

Credit Suisse

Organizations:
  • Credit Suisse

Summary:

The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% in April. A new monthly commentary offers insight into hedge fund performance through the month of April. Some key findings from the report include:

  • Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April up 1.39%, with 9 out of 10 strategies in positive territory;
  • In total, the industry saw estimated inflows of approximately $3.36 billion in April, bringing overall assets under management for the industry to approximately $1.85 trillion;
  • The Equity Market Neutral and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in April equal to 1.40% and 1.22% of the March 2013 levels, respectively;
  • Event Driven funds sustained overall positive performance in April against the backdrop of a persisting overall market rally driven by technical momentum and investor demand; and,
  • Long/Short Equity funds produced positive performance in April, despite a volatile month in equity markets, and continued their year-to-date string of positive performance. Managers benefitted from exposure to Healthcare, Financials, and Consumer Discretionary and Staples.

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