Hedge Funds Year-to-Date Returns in Positive Territory for

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Hedge Funds Year-to-Date Returns in Positive Territory for
Press Release
12th May 2016
Hedge Funds Year-to-Date Returns in Positive Territory for
First Time in 2016
Overall returns of 1.44% in April move hedge fund performance to 0.70% for 2016 YTD
The Preqin All-Strategies Hedge Fund benchmark recorded the second consecutive month of positive hedge fund
performance in April to bring 2016 YTD figures into the black for the first time this year. Returns of 1.44% through the
month follow gains of 2.40% in March to put performance for 2016 so far at 0.70%, as hedge funds take advantage of
calmer economic markets and improving commodity prices.
All leading strategies returned gains through the month, with event driven strategies up 2.17% and equity strategies
returning 1.73%, making these the two strategies with the greatest returns for a second month running. Relative value
funds posted the smallest gains of 0.47% and are the only leading strategy to still be recording losses (-0.05%) for
2016 YTD. Credit strategies continued from the robust returns seen in March to record gains of 1.25%, while multistrategy (+0.59%) and macro strategies (+1.02%) funds also saw healthy performance through April.
Other Key Hedge Fund Performance Statistics:




Smallest Funds the Most Successful in 2016: Emerging hedge funds* saw gains of 1.78% in April and are the
only size classification that can boast gains (+1.49%) through 2016. Large hedge funds have the worst
year-to-date performance of any size classification with losses of 1.98%, despite posting slight gains of
0.09% in April.
Systematic Losses: Discretionary funds outperformed systematic funds for the second consecutive
month, posting gains of 1.71% compared to a 0.13% loss. However, so far in 2016 systematic funds have
returned 0.44%, while discretionary funds have posted gains of 0.16%.
CTAs Back in Black: Following losses of 1.10% in March, CTAs recorded positive performance in April
with small gains of 0.14%. The fund type has reported year-to-date returns of 1.75%.
Gains for Liquid Alts: Alternative mutual funds and UCITS both made gains in April with returns of
1.19% and 0.16% respectively. While UCITS funds are still seeing YTD losses of 1.61%, however, alternative
mutual funds are posting 0.65% this year following two consecutive months of substantive gains.
Comment:
“A second consecutive month of positive returns for the Preqin All-Strategies Hedge Fund benchmark in April is good
news for the hedge fund sector, as the industry looks to progress from the negative returns seen at the start of 2016
and win back some investor approval.
Although commodity prices are continuing to rebound, several impending events - particularly the US election and the
potential Brexit – could lead to returning volatility. However if hedge funds can continue to capture some alpha in the
current environment and maintain this positive performance through H1, they can perhaps begin to look forward with
optimism to the rest of 2016 and beyond.”
Amy Bensted – Head of Hedge Fund Products, Preqin
To view the full April hedge fund benchmarks, please see the factsheet that follows:
* Preqin size classifications: Emerging (less than $100mn); Small ($100-499mn); Medium ($500-999mn); Large ($1bn plus)
______________________________________________________________________________________________
Note to Editors:
New York: One Grand Central Place, 60 E 42nd Street, Suite 630, New York NY 10165 Tel: +1 212 350 0100
London: 3rd Floor, Vintners’ Place, 68 Upper Thames Street, London, EC4V 3BJ Tel: +44 (0)20 3207 0200
Singapore: One Finlayson Green, #11-02, Singapore, 049246 Tel: +65 6305 2200
San Francisco: One Embarcadero Center, Suite 2850, San Francisco, CA 94111 Tel: +1 415 316 0580
Hong Kong: Level 9, Central Building, 1-3 Pedder Street, Central, Hong Kong Tel: +852 3958 2819
Manila: Pascor Drive, Sto. Niño, Parañaque City, Metro Manila 1700
Web: www.preqin.com / [email protected]

Preqin is spelled without the letter ‘U’ after the ‘Q’, the company name being an amalgamation of the former name, Private
Equity Intelligence.
About Preqin:
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases,
publications and bespoke data requests.
Preqin has built a reputation in the alternative assets industry for providing the most comprehensive and extensive information
possible. Leading alternative assets professionals from around the world rely on Preqin’s services daily, and its data and statistics
are regularly quoted by the financial press. For more information, please visit: www.preqin.com
For more information, please contact: Amy Bensted +44 (0)20 3207 0230 or [email protected]
For general press enquiries, please contact: William Clarke +44 (0)20 3207 0265 or [email protected]
New York: One Grand Central Place, 60 E 42nd Street, Suite 630, New York NY 10165 Tel: +1 212 350 0100
London: 3rd Floor, Vintners’ Place, 68 Upper Thames Street, London, EC4V 3BJ Tel: +44 (0)20 3207 0200
Singapore: One Finlayson Green, #11-02, Singapore, 049246 Tel: +65 6305 2200
San Francisco: One Embarcadero Center, Suite 2850, San Francisco, CA 94111 Tel: +1 415 316 0580
Hong Kong: Level 9, Central Building, 1-3 Pedder Street, Central, Hong Kong Tel: +852 3958 2819
Manila: Pascor Drive, Sto. Niño, Parañaque City, Metro Manila 1700
Web: www.preqin.com / [email protected]
12th May 2016
alternative assets. intelligent data.
Preqin’s April 2016 Hedge Fund
Performance Benchmarks
Summary of Preliminary April 2016 Performance Benchmarks (Net Return, %)*
Preqin All-Strategies Hedge Fund Benchmark
HF - Equity Strategies
HF - Event Driven Strategies
HF - Relative Value
HF - Macro Strategies
HF - Multi-Strategy
HF - Credit Strategies
Activist
Volatility
Discretionary
Systematic
HF - North America
HF - Europe
HF - Asia-Pacific
HF - Developed Markets
HF - Emerging Markets
HF - Emerging (Less Than $100mn)
HF - Small ($100mn-$499mn)
HF - Medium ($500mn-$999mn)
HF - Large ($1bn plus)
Funds of Hedge Funds
FOHF - Equity Strategies
FOHF - Multi-Strategy
FOHF - USD
FOHF - EUR
Alternative Mutual Funds
UCITS
UCITS - Equity Strategies
UCITS - Relative Value
UCITS - Macro Strategies
UCITS - USD
UCITS - EUR
CTAs
Discretionary
Systematic
CTA - USD
CTA - EUR
April
1.44
1.73
2.17
0.47
1.02
0.59
1.25
1.13
-0.50
1.71
-0.13
1.77
0.15
1.55
0.95
2.95
1.78
0.55
1.19
0.09
0.69
1.22
0.43
0.83
0.10
1.19
0.16
-0.10
0.45
0.75
0.44
-0.07
0.14
1.43
-0.38
0.10
-1.27
March
2.40
3.37
2.90
1.07
-0.05
1.35
1.99
3.51
0.41
2.64
1.07
2.83
1.11
3.32
1.01
3.86
2.70
2.23
1.59
1.12
0.64
1.89
0.15
0.80
0.28
1.81
1.51
2.06
1.10
0.51
2.28
1.19
-1.10
-0.89
-1.00
-1.14
-2.30
2016 YTD
0.70
0.08
1.55
-0.05
2.20
0.61
1.42
-0.54
0.29
0.16
0.44
0.86
-1.77
-1.30
0.38
3.73
1.49
-0.89
-0.51
-1.98
-2.26
-2.72
-2.40
-2.44
-3.40
0.65
-1.61
-2.95
-0.21
-0.96
-1.24
-1.94
1.75
0.95
2.17
2.06
-1.59
12 Months
-1.73
-4.58
-2.47
1.91
1.87
0.01
0.84
-3.71
3.05
-2.37
2.09
-2.10
-0.89
-3.22
0.61
-0.02
-1.11
-2.98
-2.26
-3.99
-4.42
-5.81
-4.21
-5.14
-5.76
-3.16
-4.61
-6.34
-0.84
-5.12
-5.74
-4.43
-1.22
0.75
-2.06
-0.93
-4.23
Source: Preqin Hedge Fund Analyst
* Please note, all performance information includes preliminary data for April 2016 based on net returns reported to Preqin in early May 2016. Although stated trends
and comparisons are not expected to alter significantly, final benchmark values are subject to change.
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