Hedge fund returns are down in April, found the most recent HFM Hedge Fund Performance Report. During the month, hedge fund returns fell 0.4%, bringing the year-to-date figure to -0.6%.
April hedge fund returns were down due to challenging economic conditions, owing to the Russian-Ukraine War, Chinese lockdowns, and the Federal Reserve’s aggressive monetary policy.
Despite the rough month for hedge funds, the report found that funds with a billion dollars in AUM or more outperformed smaller funds for a fourth month in a row.
North America performed the poorest of all regions; however, the region’s funds did significantly outperform US stocks.