{"id":4394,"date":"2006-05-09T00:00:00","date_gmt":"2006-05-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"april-dow-jones-hedge-fund-strategy-benchmarks-show-gains","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2006\/april-dow-jones-hedge-fund-strategy-benchmarks-show-gains.html","title":{"rendered":"April DOW Jones Hedge Fund Strategy Benchmarks Show Gains"},"content":{"rendered":"

All six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in April 2006.<\/p>\n

Equity long\/short<\/strong> led the way in April with a net-of-fee gain of 1.78% and continues to be the top performer on a YTD basis with a net-of-fee gain of 7.55%.<\/p>\n

Three other strategies returned more than 1% this month: Distressed securities<\/strong> gained 1.59%; event driven<\/strong> was up 1.38%; and merger arbitrage<\/strong> increased by 1.14%.<\/p>\n

Convertible arbitrage<\/strong> and equity market neutral<\/strong> had similar performances returning 0.59% and 0.58%, respectively, in April.<\/p>\n

A third of the way into the year, five of the six strategies are up by more 4% in 2006, except for equity market neutral, which is up by 2.42%.<\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/p>\n<\/td>\n

\n

2006 Performance (net of fees)<\/strong> <\/p>\n<\/td>\n<\/tr>\n

\n

DJHFSB<\/strong> <\/p>\n<\/td>\n

\n

April 2006<\/strong> <\/p>\n<\/td>\n

\n

1st<\/sup> quarter<\/strong> <\/p>\n<\/td>\n

\n

YTD<\/strong> <\/p>\n<\/td>\n<\/tr>\n

\n

Convertible Arbitrage <\/p>\n<\/td>\n

\n

0.59% <\/p>\n<\/td>\n

\n

3.46% <\/p>\n<\/td>\n

\n

4.07% <\/p>\n<\/td>\n<\/tr>\n

\n

Distressed Securities <\/p>\n<\/td>\n

\n

1.59% <\/p>\n<\/td>\n

\n

3.46% <\/p>\n<\/td>\n

\n

5.11% <\/p>\n<\/td>\n<\/tr>\n

\n

Equity Long\/Short <\/p>\n<\/td>\n

\n

1.78% <\/p>\n<\/td>\n

\n

5.67% <\/p>\n<\/td>\n

\n

7.55% <\/p>\n<\/td>\n<\/tr>\n

\n

Equity Market Neutral <\/p>\n<\/td>\n

\n

0.58% <\/p>\n<\/td>\n

\n

1.83% <\/p>\n<\/td>\n

\n

2.42% <\/p>\n<\/td>\n<\/tr>\n

\n

Event Driven <\/p>\n<\/td>\n

\n

1.38% <\/p>\n<\/td>\n

\n

4.08% <\/p>\n<\/td>\n

\n

5.52% <\/p>\n<\/td>\n<\/tr>\n

\n

Merger Arbitrage <\/p>\n<\/td>\n

\n

1.14% <\/p>\n<\/td>\n

\n

3.28% <\/p>\n<\/td>\n

\n

4.46% <\/p>\n<\/td>\n<\/tr>\n

\n

<\/p>\n<\/td>\n

\n

<\/p>\n<\/td>\n

\n

<\/p>\n<\/td>\n

\n

<\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones Wilshire 5000 (Float) <\/p>\n<\/td>\n

\n

1.11% <\/p>\n<\/td>\n

\n

5.44% <\/p>\n<\/td>\n

\n

6.61% <\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones World TMI <\/p>\n<\/td>\n

\n

3.23% <\/p>\n<\/td>\n

\n

7.32% <\/p>\n<\/td>\n

\n

10.78% <\/p>\n<\/td>\n<\/tr>\n

\n

Dow Jones Corporate Bond Index <\/p>\n<\/td>\n

\n

-0.50% <\/p>\n<\/td>\n

\n

-1.15% <\/p>\n<\/td>\n

\n

-1.65% <\/p>\n<\/td>\n<\/tr>\n<\/table>\n

On a float-adjusted basis, the Dow Jones Wilshire 5000,<\/strong> a broad measure of the domestic equity markets, gained 1.11% in April increasing its YTD performance to 6.61% (on a full-cap basis, it gained 1.06%, increasing its YTD performance to 6.65%).<\/p>\n

The fixed income asset class as measured by the Dow Jones Corporate Bond Index<\/strong> returned -0.50% this month. This combined with a first quarter return of<\/p>\n

-1.15% puts the index down -1.65% for the year.<\/p>\n

The world equity markets, as measured by the Dow Jones World Total Market Index,<\/strong> were up 3.23% in April and reached a double-digit gain of 10.78% for the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

All six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in April 2006. Equity long\/short led the way in April with a net-of-fee gain of 1.78% and continues to be the top performer on a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4394","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4394"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4394\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}