Equity strategies lead the way as managers ride market rally


The strong rebound in hedge fund performance this year accelerated dramatically in April as managers rode the powerful bounce in equities and other markets to deliver some stunning returns.

Crispin Odey

Long/short equity managers were generally quick to exploit the equity rally - achieving some huge gains on the month.

Odey European was up by 28% in April alone - underlining the timing and strength of Crispin Odey's widely publicised decision a weeks ago to turn bullish on banks and other bombed-out sectors - while numerous other European, global and emerging market equity funds also scored