HFRX Global Hedge Fund Index Down -0.01% in Mid-April (+1.65% YTD)

(Opalesque) Global financial markets posted declines through mid-April, as investors focused on upcoming European elections. Global equity markets declined, led by Italy, the UK and Germany, while US & Asian equities posted moderate declines. Interest rates declined across most regions & maturities, while high yield credit gained. The US Dollar declined against most currencies on lower bond yields, with the largest declines against the British Pound Sterling and Japanese complemented by more moderate declines against the Euro & Swiss Franc. Commodities were also mixed through mid-month, with gains in Gold, Platinum and Cattle offset by declined in Oil, Natural Gas, Copper, Coffee & Wheat.

Hedge funds posted mixed performance through mid-April with the HFRX Absolute Return Index gaining +0.21% while the HFRX Global Hedge Fund Index was basically unchanged for the period.

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