Performance

Composite up strongly as most strategies ride rally

by

April was anything but a cruel month for most European hedge funds - with the EuroHedge Composite index up strongly as the vast majority of funds and strategies profited from the equity market bounce and a sudden return of risk appetite.

On a median basis, the Composite index return was 1.07% for a year-to-date return of just over 2%. On a mean basis, however, the average return for the month was much higher at 2.52% - with the mean YTD return now standing at 3.22%.

All sectors were positive bar CTAs, which had another poor month and are down for