Investing May 5, 2004

S&P: Hedge Funds Fall in April

May 5, 2004 (PLANSPONSOR.com) - Nearly all constituents of the Standard & Poor's Hedge Fund Indices were down in April.
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Leading the descent was the S&P Managed Futures Index (-8.02%) and the Directional/Tactical Index (-2.69%).   Descents were also noted in April in the Hedge Fund Index (-0.60%) and Event-Driven Index (-0.10%), the provider of investment research, rating and indices said in a news release.

The S&P Arbitrage Index was the only measure that was positive for the month, up 1.04%.   Year-to-date, the index is 1.65% better.  

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The S&P Indices section of  http://www.standardandpoors.com  offers daily updates of returns, as well as methodology, index change announcements, and constituents.

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