Hedge funds trail U.S. equity markets

Despite a solid showing in April, hedge funds still fell well short of the returns of the domestic equity markets, according to the latest data from Greenwich Alternative Investments LLC in Greenwich, Conn.
The Greenwich Global Hedge Fund Index gained 2.24% in April, for a year-to-date return of 5.01%.
That compared to a 4.43% April return for the Standard & Poor’s 500 Index, which had gained 5.09% this year through April.
According to Greenwich, which reported the most recent hedge fund index numbers late Monday, 17 out of 18 hedge fund strategies had positive returns last month, with short-sellers the only strategy to finish April in the red.