Hedge Funds

CMK Capital takes a hit in April


Boston-based CMK Capital is among the many long-short equity funds that have taken a beating amid recent market hiccups, posting a 10.67% loss return for the month of April.

The year-old fund's letter to investors reported that the fund had a "brutal" month, spurred largely by the plunge in equity markets in the last week in April, when the Nasdaq plunged 6% and the S&P fell 1.68%.

The fund was 70% to 80% net long going into the last week of April, and the stocks performed fairly well during the first three weeks of the month, according to the