May 16, 2006
Hedge funds rise in April
According to new data released by research and ratings firm Standard & Poor’s, hedge funds rose 1.01 percent in April, recording the sixth month of straight gains. Hedge funds now manage nearly $1.2 trillion as pension funds. Reuters.com reports:
"Six out of nine hedge fund strategies performed well in April," said Justin Dew, senior hedge fund analyst at S&P. He cited rising interest rates plus the skyrocketing commodity market as reasons for the slightly regulated asset class' strong performance.
Read more: Hedge funds gain ground in April-S&P
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