19 of hedge funds still down in 2021 opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.
Eurekahedge Hedge Fund Index up 0 9 in May 7 7 YTD opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.
Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.95% in April 2021, pushing its 2021 return to 6.96%, supported by the robust performance of the global equity market as represented by the MSCI ACIW (Local) which was up 3.53% over the same month.
The strong corporate earnings, combined with better-than-expected macroeconomic data, acted as a tailwind to the performance of the equity market over the month. In the US, as the risk surrounding COVID-19 remained in the region, the Fed reassured the market that they will keep their accommodative monetary policy until they see encouraging progress in the economy. As a result, the yields of long-dated US treasuries retreated, resulting in interest-rate sensitive tech-stocks rallying during the month. The NASDAQ Composite was up 5.40% in April, outperforming the 5.24% and 2.71% return of the S&P 500 and DJIA respectively.
Global hedge funds post 4 79 return in Q1 strongest first quarter performance since 2006 opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.
Hedge funds recorded their best Q1 performance since 2006 on the back of a global equity rally Wednesday, April 14, 2021 Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.95% in March 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 3.24% over the same period. Long-dated US treasuries continued to sell off, resulting in the yield of the 10-year treasury note rising by 34bp to end the month at 1.744%.
The Federal Reserve committed to keep monetary policy accommodative for at least another two years and allow inflation to rise above 2% before considering any policy change. This led to growing concerns among investors that the huge economic and monetary stimulus rolled out thus far would lead to rising inflation.