Final performance for the Credit Suisse/Tremont Hedge Fund Index (Broad Index) was up 1.68% in April, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.
Hedge funds finished up 1.68% in April, bringing year-to-date returns to 2.55%. Were seeing risk appetite return to markets along with increased investor confidence, which benefited most hedge fund sectors last month. Convertible Arbitrage had another strong month, gaining 4.52% in April, and is currently up 12.58% year to date. Nonetheless, while economic data does appear to be improving, market conditions remain tenuous. Most hedge funds continue to maintain their defensive positioning, and we expect to see this trend continue until fund managers feel that market fundamentals have improved.
L.D.