HFRX INDICES MID-APRIL 2026 PERFORMANCE NOTES
Global financial markets posted strong gains through mid-April, driven by optimism surrounding a near-term and favorable resolution of the Iran military conflict and the Strait of Hormuz energy supply disruption. These gains largely reversed the sharp declines recorded in the prior month. Global equity markets advanced in a sharp rebound from March losses, as Oil prices fell significantly, supporting equities and pushing major indices to record highs while interest rates declined. Oil led commodity declines, while metals posted gains. The U.S. dollar weakened against most major currencies.
Hedge funds posted gains through mid-April, reversing prior month declines, with the HFRX Global Hedge Fund Index gaining +2.59%.
- HFRX Equity Hedge Index gained +4.60%
- HFRX Macro Index gained +2.25%
- HFRX Event Driven Index gained +1.77%
- HFRX Relative Value Index gained +1.35%
Comments reference performance figures as of April 15th, 2026