Many hedge fund manager styles reported positive returns for April, according to two hedge fund trackers.
Preliminary data at MAR/Hedge showed global managers recorded the best performance, with the median manager returning 2.1% in April. The next-best performers were event-driven managers, funds-of-funds and U.S. opportunity managers, where the median manager for each style reported a 1.3% return for the month. Only short sellers were negative for the month, with a median return of -1.8%.
At Van Hedge Fund Advisors, the best performing hedge fund style in April was aggressive growth, which had an average return of 8.1%. Other styles reporting strong returns in April were emerging markets, 5.6%; opportunistic, 5.5%;, and value, 6.6%. Short sellers reported to Van an average return of -9.8%.