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In April, global financial markets posted mixed performance as bank risk and volatility accelerated into month end. US equities were mixed, with gains in Cyclicals and Healthcare offset by declines in Technology and Small-caps; France, Japan, Australia, and the UK led regional gains. Interest rates rose across most maturities as the Dollar fell against the Euro, Swiss Franc, and British Pound Sterling. Commodities were also mixed with gains in Oil, Natural Gas, Platinum, and Sugar offset by declines in Copper and Wheat.
The HFRI-I Liquid Alternative UCITS Index posted a gain of +0.19% in April.

HFRI-I Macro Index gained +1.04%
HFRI-I Relative Value Arbitrage Index gained +0.36%
HFRI-I Equity Hedge Index declined -0.03%
HFRI-I Event Driven Index declined -0.44%

Comments reference performance as of April 28, 2023