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Article: Global Macro Funds Lead Hennessee Index
- Article from:
- Daily News
- Article date:
- May 9, 2007
- Author:
CopyrightCopyright 2007 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK (HedgeWorld.com) - Global macro hedge funds drove the
Hennessee Hedge Fund Index to a 1.92% gain in April, while long/
short equity managers saw their efforts far outpaced by rebounding
equities indexes.
Year-to-date the Hennessee index, maintained by hedge fund
investor advisory firm Hennessee Group LLC, is up 5.44%, still ahead
of its benchmark indexes. But that gap is narrowing, with the Dow
Jones Industrial Average earning more than the Hennessee's year-to-
date return in one month - its 5.74% bounce in April brought the
DJIA's year-to-date return to 4.81%. The Nasdaq Composite Index
advanced 4.27% in April and was up 4.54% through the end of last
month, and the Standard & ...