Performance

Composite index up 0.41% after a volatile month

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A rocky month for managers saw the EuroHedge Composite Index posting positive returns in April - with the median up 0.41% and the mean up 0.59%.

Credit funds led the way with an average gain of over 2%, while the median returns for managed futures, currency, emerging market debt, emerging market equity and convertible arbitrage funds were all above 1% on the month.

All other strategy areas also generated narrowly positive returns - with the exception of equity market-neutral/quant strategies - while the median for the main US dollar class for European equity was exactly flat at 0.00%.