Monday, May 10, 2010

Hedge Funds Show Continued Strength in April

In what can broadly be described as PR for Paulson & Co rather than an article, the WSJ details (Paulson & Co references removed):

Hedge funds returned more than 1% on average in April as stock and bond markets rallied strongly, according to early estimates released Friday by firms that track performance in the industry.

"Hedge funds posted broad-based gains in April as sovereign credit risks escalated and currency adjustments remained at the forefront of investor concerns," Kenneth Heinz, president of Hedge Fund Research, said in a statement.

Important to remember that...
These hedge fund industry gains don't include the recent drop in stock and credit markets that turned into a rout on Thursday.
We shall see how well they were able to react in next months release.

Source: Barclay Hedge

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