Following a strong Q1, hedge funds have kept performing as we move to the next quarter. The Lyxor Hedge Fund Index is up 0.4% over the week with all but one strategy closing the week positive. A disappointing job report for the month of March in the US was the main event of a rather quiet start to April. This is leading to a reassessment of US monetary policy and driving risk assets and commodities higher. Markets have actually experienced significant moves in the commodity space. In particular oil prices rebounded sharply with the WTI up 13%. The drop of energy prices has been one of the major themes of recent months,and continues to impact the performance of hedge funds.
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