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May 10, 2006
Barclay Hedge Fund Index gains 2.05% in April, emerging markets up 4.71%
Hedge funds gained 2.05% in April, based on flash estimates for the Barclay Hedge Fund Index. The Index has shown positive returns in 11 of the past 12 months, gaining nearly 18%.
In April, 17 of Barclay’s 18 hedge fund indexes were in positive territory. Barclay’s Emerging Markets Index jumped 4.66% and is up 14.97% in 2006, continuing this sector’s strong bullish performance from 2005. Barclay’s Global Macro Index was up 4.02%, Distressed Securities gained 3.76%, Equity Long/Short rose 1.96%, and Equity Long Bias Index gained 2.01%.
“Directional strategies such as Emerging Markets and Global Macro continue to provide impetus to overall hedge fund returns,” says Sol Waksman, founder and president of The Barclay Group. “Most Emerging Market equity indexes had solid gains in April. Macro funds were able to profit from opportunities presented by rising U.S. interest rates, a weakening U.S. Dollar, and strong price gains in precious and industrial metals.”
-HedgeNordic.com-
Posted by su at May 10, 2006 10:39 AM