Global macro emerges as the top performer

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Funds of funds were up 1.01% in April, according to the InvestHedge composite. This return boosted the year to date performance of the funds of funds industry to 1.89%. Global multi-strategy slightly lagged this, up 0.95% in April and 1.68% for the year to date. The top performing strategy for the month is global macro up 1.59% in April. For the year, however, global macro returns have been highly volatile and performance is up 0.66%. European equity funds of funds were only up 0.35% for the month and are still the only strategy in