The Greenwich Composite Investable Index advanced by 0.20 per cent in April as equity markets moved higher in choppy trading.
Seven of nine Greenwich Investable Indices moved higher during the month and all remain positive for the year.
The investable event driven index was the largest gainer during the month, with a gain of 1.93 per cent.
Long short credit and futures strategies were the next best performing indices, posting gains of 0.96 per cent and 0.74 per cent, respectively.
Year-to-date, the event driven and long short credit indices still lead the group with gains of 7.64 per cent and 3.78 per cent, respectively.
“We saw very mixed results from long short equity funds in April. European funds struggled more than US focused managers but almost all had difficulty predicting the next move for global markets. The delayed resolution of the European sovereign debt crisis is continuing to have a negative impact on investor sentiment,” says Clint Binkley, senior vice president at Greenwich.
