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APRIL PERFORMANCE LIFTS HFRI TO 2016 GAIN
Distressed, Credit, Energy strategies lead broad-based advance; Funds navigate earnings volatility, Brexit unwind
CHICAGO, (May 6, 2016) – Hedge funds extended March gains into April, led by strong contributions from credit sensitive and event-focused strategies, as energy commodities surged and emerging markets continued its recovery, according to data released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index® gained +1.0 percent in April (Index Value 12,322), fully recovering the 1Q decline and lifting 2016 performance to +0.3 percent. The HFRI Asset Weighted Composite Index added +0.2 percent for the month.