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"Increasing tension in the middle east and White House displeasure with the Iran nuclear deal provided a lift to share prices of energy companies," says Sol Waksman, founder and president of BarclayHedge.

Overall, 13 of Barclay's 17 hedge fund indices had gains in April. The Technology Index jumped 2.96%, European Equites were up 2.37%, Distressed Securities gained 1.17%, and the Equity Long/Short Index added 0.86%.

The Emerging Markets Index fell 0.94% in April, Merger Arbitrage lost 0.12%, and the Equity Market Neutral Index slipped 0.05%.

"A plummeting peso in Argentina, a strengthening US dollar, and a four-year high for US 10-year Treasury yields put downward pressure on emerging markets in April," says Waksman.

At the end of April, 10 hedge fund indices have gains for the year, and seven have losses. The Technology Index is up 5.93%, Healthcare & Biotechnology has gained 3.20%, Distressed Securities are up 2.44%, and European Equites have gained 2.17%.

Pacific Rim Equities have lost 2.54% year to date, Global Macro is down 1.46%, the Event Driven Index has lost 1.20%, and Merger Arbitrage is down 1.08%.

The Barclay Fund of Funds Index gained 0.34% in April, and has a year-to-date gain of 0.45%.