Despite continuing worries about the macro backdrop, equity
returns were generally strong in April. Risk assets in
particular came back strongly. Hedge funds posted welcome
gains, with the global multi-strategy sector seeing a return of
0.95%, taking year-to-date figures to 2.14%.
One of the best performers recently has been Permal
Investment Holdings, which saw a 3.94% rise in April take
three-month figures to 5.15%.
During the month, managers in the...