Hedge funds return nothing in April

FlatlineApril was a challenging month for hedge funds and the median fund performance was 0%. Deutsche Bank notes in its latest Monthly hedge fund trends that there was an “unusually wide dispersion of returns”. This was particularly visible among equity long/short strategies. Credit tops the performance table with returns of 0.81%, followed by managed futures (0.51%) and multi-strategy funds (0.42%). Equity long/short sits on the bottom of the table, recording losses of 1%, more than macro (-0.66%) and market neutral (-0.49%). In terms of geography, credit strategies continue to perform well, gaining 4.32% in the US and 3.10% in Europe year-to-date; Asia excluding Japan long/short gained 0.29% over the same time. ©2014 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.