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