Most fund of fund strategies down in April


Funds of hedge funds had a relatively flat month in April, but with most strategies experiencing overall losses.

The InvestHedge Composite Index returned a negative median of 0.26% for the month. Global multi-strategy funds were down 0.25% for April, but are still showing a gain of 2.41% for the year to date.

US equity suffered the most with a median loss of 0.55% in April. But it remains the top-performing strategy, in terms of year-to-date performance, with a positive 5.41% return to the end of April. By comparison, global macro funds are just above