Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Alternative Investments > Hedge Funds

April Returns Negative for S&P Hedge Fund Index

Your article was successfully shared with the contacts you provided.

NEW YORK (–April was not a good month for many of the hedge fund strategies in the S&P Hedge Fund Index, which fell 0.6% in April and is up just 1.28% in the first four months of the year.

The index, published and managed by Standard & Poor’s, was hurt by sharply negative performance from the component S&P Directional/Tactical Index, which fell 2.69% in April. For the year through April, the Directional/Tactical Index, which contains futures, global macro and long/short equity strategies, returned 0.41%.

The S&P Managed Futures Index, a related index that contains the futures strategies in the broader index and additional futures fund strategies, was down 8.02% in April, bringing its year-to-date return to negative 0.25%.

The S&P Arbitrage Index, a component of the S&P Hedge Fund Index containing equity market neutral, fixed-income arb and convertible arb strategies, returned 1.04% in April and is up 1.65% year-to-date through April.

The third component of the S&P Hedge Fund Index, the S&P Event-Driven Index, returned negative 0.1% in April and 1.78% in the first four months of the year. That index contains merger arbitrage, distressed and special situations strategies.

S&P last month said it would begin publishing the S&P Long/Short Equity Index. Like its Managed Futures Index, it will contain the long/short equity strategies in the broader index and others not included


[email protected]


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.