Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed up 1.24 per cent in April.
Nine out of ten sectors posted positive performance for the month.
Top performers included managed futures (+1.89 per cent), event driven (+1.89 per cent) and global macro (+1.65 per cent).
Oliver Schupp, president of Credit Suisse Index, says: “Managed futures delivered another month of positive performance with trend followers and high frequency managers generating profits despite some market reversals in April, as their volatility-breakout models were able to pick up the sudden downturn of the markets, as well as the reversals which followed. Moreover, gains in the event driven space were driven by managers’ long exposures to distressed debt and equity investments. Finally, global macro posted its best 2010 returns in April, as managers profited from strategic, theme-based trading and tactical opportunities provided by the month-end volatility.”
The worst performing strategy was dedicated short bias, which fell 3.89 per cent in April.
Year-to-date, the Credit Suisse/Tremont Hedge Fund Index is up 4.37 per cent.