(Opalesque) Hedge Funds gained 0.49% in April according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 0.38% gain in the S&P 500 Total Return Index. Year to date, the Barclay Index remains up 0.30%, while the S&P has lost 0.38%.
“Increasing tension in the middle east and White House displeasure with the Iran nuclear deal provided a lift to share prices of energy companies,” says Sol Waksman, founder and president of BarclayHedge. Overall, 13 of Barclay’s 17 hedge fund indices had gains in April. The Technology Index jumped 2.96%, European Equites were up 2.37%, Distressed Securities gained 1.17%, and the Equity Long/Short Index added 0.86%.
