Absolute Return April medians: Equity funds lead the way

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Equity funds appear to have made the largest gains in April, rising 2%, while the Absolute Return Composite Index grew an estimated 0.72%, according to preliminary data. The Composite Index is now down only 0.34% for the year following a terrible first quarter of 2008, well behind its gain of 4.19% at the same time last year.

Global Equity funds returned an estimated 2.06% in April, but are still down 2.43% for the year. The Absolute Return Managed Futures Index had its first down month since August, dropping 0.62%, but the Index is still ahead of the pack