Hedge funds up 5.8% YTD following 1.1% April gain, says Citco

Hedge funds recorded another positive month in April, with a total weighted average return of 1.1%, taking YTD returns to 5.58%, according to the latest data from Citco, a global alternative investment asset servicer with one $1.8 trillion in assets under administration.

Citco’s data also shows that larger funds delivered a stronger performance in April and that the market seems to show signs of a reduction in returns volatility across funds.
 
According to the data, 65% of funds administrated by Citco had positive returns in April, a big jump from the 48% in March. The rate of return spread meanwhile, dropped to 6.7% in April, showing a reduction in returns volatility across funds.

In terms of top-performing strategies, fixed income arbitrage funds and multi-strategy funds led the way with average weighted returns of 2.2% and 1.7%, respectively.