Home Breadcrumb caret Industry News Breadcrumb caret Industry Hedge funds continue downward slide Hedge funds posted their second consecutive month of negative returns in April with the Eurekahedge Hedge Fund Index down 0.15% as global markets continued to falter amid a sluggish start to the year. By Staff | May 12, 2014 | Last updated on May 12, 2014 1 min read Hedge funds posted their second consecutive month of negative returns in April with the Eurekahedge Hedge Fund Index down 0.15% as global markets continued to falter amid a sluggish start to the year. Read: Conservative clients could hedge bonds On a year-to-date basis, hedge funds are up 0.78%, slightly ahead of the MSCI World Index which has returned 0.75% in the first four months of the year. Key takeaways for April: • Global hedge funds were up 0.78% year-to-date as North American, European and Latin American managers lead with gains of 2.16%, 1.03% and 0.38% respectively. • The Top 100 best-performing hedge funds during the month posted average returns of 4.21%, with long/short equities and CTA/managed futures constituting 72% of these funds. Read: 5 facts you may miss on hedge funds • Net asset flows as at April 2014 year-to-date crossed the US$50 billion mark, with capital allocations to North American managers at US$24.8 billion and those to European managers at US$25.1 billion. • Japanese hedge funds were down for the fourth consecutive month although they have outperformed the Nikkei 225 Index by more than 10% year-to-date, a significant outperformance. • Latin America-focused managers surpassed all regional mandates delivering the strongest gains — up 0.77% in April, outperforming the MSCI EM Latin America Index by 1.51% on a year-to-date basis. • Distressed debt, fixed income and arbitrage strategies delivered returns of 2.98%, 2.60% and 1.61% respectively. Read: Are hedge funds suitable for the average investor? Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo