The Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% in April. A new monthly commentary offers insight into hedge fund performance through the month of April. Some key findings from the report include:

• Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April up 1.39%, with 9 out of 10 strategies in positive territory;
• In total, the industry saw estimated inflows of approximately $3.36 billion in April, bringing overall assets under management for the industry to approximately $1.85 trillion;
• The Equity Market Neutral and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in April equal to 1.40% and 1.22% of the March 2013 levels, respectively;
• Event Driven funds sustained overall positive performance in April against the backdrop of a persisting overall market rally driven by technical momentum and investor demand; and,
• Long/Short Equity funds produced positive performance in April, despite a volatile month in equity markets, and continued their year-to-date string of positive performance. Managers benefitted from exposure to Healthcare, Financials, and Consumer Discretionary and Staples.