Hedge funds up 1.23% in April
Hedge funds significantly outperformed global markets in April, postingpositive returns across all regions and strategies. The EurekahedgeHedge Fund Index advanced 1.23%
as managers skilfully manoeuvredthrough the volatility. Most market indices ended the month on negativeground, with the MSCI World Index down 0.16% in April.
Hedge funds outperformed global markets by 1.4% on average.
Start-up activity geared up with nearly 120 fund launches in thefirst quarter.
Japanese hedge funds delivered their best April year-to-datereturns since 2004.
Arbitrage hedge funds witnessed 17 months of consecutivepositive returns, gaining 29.4% over this period.
Index Apr 2010Est
2010 YTDReturns 2009Returns Eurekahedge Hedge Fund Index 1.23 3.33 19.77Eurekahedge Fund of Funds Index 0.82 2.13 9.70Eurekahedge Long-Only AbsoluteReturn Fund Index1.04 6.62 46.75Eurekahedge Islamic Fund Index 0.64 3.86 21.57
April was a month of strong performance as hedge funds across allregions outperformed their respective underlying markets. Early reportsshowed that Japanese managers posted the best results, gaining 2.52%on average and beating the Nikkei by 2.81%. Although Japan-focusedhedge funds did not perform so well in the last two years, they havestarted 2010 positively, delivering excellent returns in the first quarter.The Eurekahedge Japan Hedge Fund Index advanced 6.74% year-to-dateApril 2010 – currently the strongest year-to-date returns across all majorregional indices.North American managers were also up significantly, gaining 1.73% onaverage during the month and beating the S&P 500 by nearly 0.2%.Positive corporate earnings helped the US market close April on a net