Everest towers above


The emerging markets strategy finished April as one of the only hedge fund strategies to produce positive returns in several hedge fund indices. Strong earnings and surprisingly positive macro environments in emerging countries contributed to the gains. Everest Capital's Frontier Fund posted a 0.32% gain in April, bringing its year-to-date return to 0.90%. Marathon's Master Fund dipped slightly, posting a 0.43% loss, but it is up 4.19% for the year-to-date. The Compass Income fund gained 0.18% and has returned 3.43% for the year. The Forum Absolute Return fund posted a 0.90% gain in April, bringing its year-to-date total