Strategies continue to gain ground in April


In April, most fund of funds strategies, with the exception of European equity, continued to gain ground, returning an average of 0.85% according to the InvestHedge Fund of Funds Composite.

While the overall composite was up 2.32% for the year to date, the GMS median was up slightly more at 2.52%. European equity funds of funds were down 0.17% for April, but still up 1.89% for the year to date. Fixed income boosted the overall average with returns of 1.44% in April and is still the highest performing strategy for the year to date,