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Hedge funds up 1.8% in April says DJ Credit Suisse hedge fund index


Date: Wednesday, May 25, 2011
Author: Wendy Chothia, HedgeWeek

The Dow Jones Credit Suisse Hedge Fund Index posted positive performance in April, finishing up 1.80%, with nine out of ten strategies posting positive performance for the month.

Managed Futures was the best performing sector in April. The strategy gained 5.40% as managers capitalised on positive momentum in both equity and energy prices.

Equity Market Neutral managers finished the month of April in positive territory. The strategy gained 3.37% as managers benefited from low stock correlations and a largely fundamental orientation throughout the month.

Global Macro hedge funds posted positive performance of 2.46% in April. Currency trades positively contributed to many portfolios as managers held short USD positions against a variety of emerging market and commodity-related currencies.