Citi Reviews Hedge Fund Performance for April

(Daily Alts) Citi Reviews Hedge Fund Performance for AprilHedge funds posted gains in April, with aggregate returns ranging from +0.41% to +0.93%, according to two different measures used in Citi Prime Finance’s Hedge Fund Industry Snapshot for May 2016. But year-to-date through April 30, only one of Citi’s aggregate measures had pulled out of the red, and total returns ranged from -1.47% on the low end to +0.27% on the high. Thus, investors withdrew assets from hedge funds in April, despite the aggregates posting their second straight month of gains.

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