Pivotal Point of View — April 2024

Published 13 May 2024 · Covers April 2024

Originally issued as May 2024.

The PivotalPath Composite Index declined 0.2% in April and is up 4.9% YTD. The Index continues to generate positive alpha of 6.3% relative to the S&P 500 (S&P) over the last 12 months, even as equity markets declined in April. Read Full article to learn about Hedge Fund Performance.

−0.2%Composite, April

+4.9%Composite, year to date

+0.8%Composite, Q2

Managed FuturesLeading strategy

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Headline strategy indices

Strategy	April	Year to date
Managed Futures	+1.4%	+10.1%
Global Macro	+0.7%	+5.3%
Volatility Trading	+0.5%	+1.1%
Multi-Strategy	+0.4%	+4.7%
Credit	+0.4%	+3.4%
Equity Quant	−0.7%	+5.5%
Equity Diversified	−0.9%	+5.3%
Event Driven	−0.9%	+2.4%
Equity Sector	−2.5%	+5.2%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

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Pivotal Point of View — April 2024

Headline strategy indices

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