Hedge Fund Index Shows Gains in April

Date: Friday, May 23, 2008
Author: Dealbook.blogs.nytimes.com

After a generally bruising March, hedge funds regained ground in April as global stock markets recovered, according to an industry index compiled by Eurekahedge.

The Eurekahedge Hedge Fund Index, which tracks the performance of 2,230 funds that invest globally, rose 1.4 percent, based on preliminary figures from the Singapore-based hedge-fund research and publishing company. The index dropped 2.2 percent in March and is still down 1 percent for the year, Bloomberg News reported.

The MSCI World Index jumped 5 percent last month, completing the best month since November 2004, Bloomberg said.