Resources, financials specialists do best among global equity players


After a strong showing in March, April was a less certain month for global equity hedge funds and performance was mixed as a result. Funds focused on the resources and financial sectors generally did well, though some specialists in these sectors lost money.

Having started the year on the wrong foot with a 7.19% loss in January, DBM Capital Partners' resources strategy, Sayan Investments, was among the best-performing global equity hedge funds last month, returning 14.88% and taking itself back into positive territory for 2010. GLG's mining strategy, the GLG Global Mining Fund, was also among the strongest performers