(Opalesque) Hedge funds managing over $1bn outperformed their sub-$1bn peers in April, aided by another surge in event-driven performance, said HFM. The billion-dollar club (BDC) hedge funds rose 2.5% last month compared to an average 2.2% gain in the sub-BDC range, but the latter group remains ahead YTD, up 7.6% versus a BDC gain of 6.1%.
Billion-Dollar Club Hedge Funds Up 6.1% YTD after a 2.5% gain in April
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