Macro hedge funds lead industry gains in April
NEW YORK (Reuters) – Hedge funds posted positive aspects of two.33% in April, largely pushed by macro funds, which managed to carry out effectively amid excessive volatility, a report by hedge fund knowledge supplier HFR confirmed on Friday.
Macro hedge funds, which guess on macroeconomics traits, rose 5.49% within the quarter, in keeping with a macro fund asset weighted index. HFR stated outcomes had been pushed by methods that benefited from skyrocketing inflation, rising rates of interest and the Russia-Ukraine battle.
Within the first 4 months of 2022, macro hedge funds gained 13.37%, whereas the S&P 500 index declined nearly 13%.
The business as a complete was up 4.22% within the yr.
“Hedge fund managers and traders have successfully tailored to the present fluid market paradigm outlined by excessive volatility, large dislocations, and large uncertainty, demonstrating tactical flexibility and working as liquidity suppliers by means of the volatility,” stated Kenneth J. Heinz, President of HFR in a press release.
On the different finish of the spectrum, fairness hedge funds misplaced 3.62% in April, however they nonetheless outperformed the S&P index, which was down 8.71% within the month.
(Reporting by Carolina Mandl; modifying by Diane Craft)
