Global multi-strategy sector welcomes gains as Permal Investment celebrates a healthy April


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 portfolio gained from the continued weakness of the US dollar, which declined more than 4% against the euro as the monetary policy gap between Europe and the US