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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 HFRU Hedge Fund Composite Index posted a decline of -0.02% in April.

HFRU Equity Hedge Index declined -0.15%
HFRU Event Driven Index posted a decline of -0.15%
HFRU Relative Value Argbitrage Index gained +0.08%
HFRU Macro Index gained +0.24%

Comments reference performance as reported on April 28, 2023.