Funds investing in Russia/Eastern Europe and the Middle East/MENA regions have extended early 2018 gains to lead EM hedge fund performance through April. The HFRI EM:MENA Index leads EM hedge fund performance with a 9.0% return YTD; MENA focused hedge funds manage approximately $5.9 billion across nearly 50 funds.

The HFRI EM:Russia/Eastern Europe Index remains