Hedge Fund Index April
Hennessee Hedge Fund Index Increases 1.3% in April
Hedge funds posted gains in April but trailed the major stock indexes during a strong month for equities, according to hedge fund adviser Hennessee Group.
Hennessee Group co-founder Charles Gradante said "the investment environment remains challenging" for the generation of active returns, and shorting--betting on declining values--has been particularly tricky, detracting from overall performance.
U.S. blue-chip stocks saw their best month of the year in April, as first-quarter earnings reports sent major indexes to fresh highs at the end of the month.
Meanwhile, the Barclays Aggregate Bond Index rose 1.27% and the Barclays High Yield Credit Bond Index increased 1.55%. Source