Hedge funds return nothing in April

FlatlineApril was a challenging month for hedge funds and the median fund performance was 0%.

Deutsche Bank notes in its latest Monthly hedge fund trends that there was an “unusually wide dispersion of returns”. This was particularly visible among equity long/short strategies.

Credit tops the performance table with returns of 0.81%, followed by managed futures (0.51%) and multi-strategy funds (0.42%).

Equity long/short sits on the bottom of the table, recording losses of 1%, more than macro (-0.66%) and market neutral (-0.49%).

In terms of geography, credit strategies continue to perform well, gaining 4.32% in the US and 3.10% in Europe year-to-date; Asia excluding Japan long/short gained 0.29% over the same time.

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