Hedge funds have enjoyed their best monthly performance since 2020, as managers profited from a blistering rally in technology stocks such as Intel, Alphabet and AMD.
A global hedge fund index collated by data group HFR jumped 5 per cent in April, the biggest rise since November 2020, according to preliminary figures. The gains were driven by technology-focused funds, which surged 14 per cent over the month.
“It has been a story of very strong performance across all strategies,” said Jon Feeney, co-chief investment officer of Investcorp-Tages, which allocates investor money to hedge funds.
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