Dow Jones Credit Suisse Hedge Fund Index virtually flat in April

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April down 0.04%, with four out of 10 strategies in positive territory.

In total, the industry saw estimated outflows of approximately USD8.35 billion in April, bringing overall assets under management for slots the industry to approximately USD1.75 trillion.

The Managed Futures and Multi-Strategy sectors experienced the largest asset inflows on a percentage basis in April, with inflows of 0.53% and 0.14% from March 2012 levels, respectively.

Long/Short Equity funds finished down in April, ending a three-month positive performance run, as broader equity benchmarks finished in negative territory for the month.

Global Macro generated negative performance as a whole. Funds commonly reduced risk exposures as macroeconomic data continued to show weakness.

Picture: (c)—Sturm