Funds of Hedge Funds Performance

Emerging markets see good returns in April hurt by May sell-off


Emerging market funds of funds posted a fair April return, although early indications are that these have been badly hit by the sell-off in May. For April, the InvestHedge fund of hedge funds median for the emerging markets was up 0.85% to take year-to-date figures to 1.88%.

Federal Street Asia/Emerging Markets Offshore Fund was up 1.41% on the month to take three-month figures to 6.03% while SilverCrest Emerging Markets Fund International was up 1.36% to leave three-month numbers at 5.95%.

Permal's Silk Road Fund was up 1.99% for April, which took three-month numbers to 5.22%, but the Permal Emerging Markets