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Komfie Manalo, Opalesque Asia:

Hedge funds rebounded in April to snap a two-month performance decline, with the HFRI Fund Weighted Composite Index advancing 0.38%, bringing YTD performance to 0.39% through April and topping the YTD declines of the S&P 500, DJIA, DAX, FTSE and MSCI World indices.

According to Hedge Fund Research, hedge funds performance was led by fixed income-based relative value arbitrage and equity hedge strategies. The broad-based HFRI and many sub-indices extended YTD gains over equity market index declines, the report added.

"Hedge funds extended gains in April to begin the second quarter and also extended the YTD outperformance of most equity market indices, with support and contribution from Energy and Volatility exposures," stated Kenneth J. Heinz, President of HFR.

Driven by the recovery of cryptocurrencies in April, Heinz said that the volatile HFR Blockchain Index surged 47.1% for the month, recovering from a -34.0% decline in the prior month and reducing the YTD decline to -19.3.

He continued, "The industry continues the process of evolving transitional politics and economics creating long and short opportunities across a wide continuum of specialized exposures and industries, including fixed income/interest rate-sensitive equities, retail, M&A, technology and blockchain. This powerful process is likely to continue to drive performance through mid-......................

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