Performance

Absolute return Indices: Funds rally across the board in April

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The Absolute Return Composite bounced back in April, gaining 1.11% to bring the year-to-date total into positive territory again. Technology was the best performer, up 2.71%, though it is still down 2.99% for the year to date. Equities also made gains, with the U.S. Equity Index up 1.92% and Global Equity up 2.43%. However, both medians are still in the red for the year, down 1.69% and 2.07%, respectively.


ABSOLUTE RETURN STRATEGY INDICES

Strategy

Apr 08

YTD 08

Arbitrage

1.57%

2.07%

Commodities

1.57%

6.57%

Convertible & Equity Arbitrage

0.46%

-1.42%

Credit

0.49%

-0.27%

CTAs

-0.25%

6.39%

Distressed

1.34%

-2.41%

Event Driven

1.29%

-1.74%

Fixed Income

1.60%

3.71%

Global Equity

2.43%

-2.07%

Latin America Debt

1.04%

2.40%

Latin America Equity

0.53%

-0.80%

Macro

-0.11%

1.16%

Mortgage Backed

1.25%

1.99%

Multistrategy

0.94%

-0.84%

Technology

2.71%

-2.99%

U.S. Equity

1.92%

-1.69%

Absolute Return Composite

1.11%

0.05%




ABSOLUTE RETURN COMPOSITE INDEX


Source: Absolute Return