New York (HedgeCo.Net) – After taking flack from investors as well as the press for a lackluster performance in 2014, the hedge fund industry seems intent on reversing that in 2015. So far in 2015, hedge funds are turning the tables on the indices and the passive management strategy.
The latest Hedge Fund Performance Report from eVestment just came out and it shows that hedge funds produced a gain of 1.22% in the month of April, putting the index up 2.92% year to-date. Contrarily, the S&P 500 was up 0.96% during the month of April and was up 1.93% YTD through the end of April.
Among the strategies that performed the best were emerging market strategies with a gain of 6.28% for the month. Strong performances from the equity markets of Brazil, China and Russia lifted the group to its best monthly performance in two years.
Another group that had an impressive April was the large global macro group ($1 billion or more in AUM). The group experienced a gain of 2.15% for the month and that brought the YTD gain to 3.5%.
One particular group that struggled during the month of April was the managed futures funds. The group lost 0.67% for the month and that snapped a five month winning streak for the group. Undoubtedly the trend reversals in oil and the dollar hurt the performance of managed futures funds.