WEST PALM BEACH, FL (HEDGECO.NET) – Standard & Poor Hedge Fund Index had its sixth consecutive month of positive performance. Year-to-date, the index in hedge fund returns, as measured by the S&P Hedge Fund Index is up 5.08% having risen 1.01% in April. Standard and Poor is the world’s leading index provider.
“Six of the nine hedge fund strategies performed well in April,” says Justin Dew ina interview with PRNewswire, Dew is the Senior Hedge Fund Specialist at Standard & Poor’s. “Rising interest rates, a skyrocketing commodity market and a benign credit market drove performance throughout the month.”
“The short end of the yield curve continues to reflect Fed policy decisions while the longer end of the curve is undoubtedly being heavily influenced by global monetary flows,” adds Dew. “These so called distortions can be captured and profited on by a number of Fixed Income Arbitrage management styles.”
Positions in short-term global interest rates, particularly on the long end of the yield curve, performed exceedingly well in April, as did positions in many metal markets some of these markets approached recent, historical or all time highs.
A table showing the current performance of the daily indicative S&P Hedge Fund Index Series can be found below. See http://www.sp-hedgefundindex.com for daily updates of returns, as well as finalized monthly values, methodology, index change announcements, and constituents.
Standard & Poor’s offers a growing family of hedge fund indices. The main S&P Hedge Fund Index offers an investable benchmark that is representative of the broad range of major strategies that hedge funds employ.
The strategies are equally weighted to ensure well-rounded representation of hedge fund investment approaches and to avoid overrepresentation of currently popular strategies. The S&P Managed Futures Index is an expanded version of the Managed Futures strategy and the S&P Equity Long/Short Index is an expanded version of the Equity Long/Short strategy represented in the main index with constituents added to ensure broader representativeness.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net
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