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