Claims of historic performance are often exaggerated on Wall Street. But April was one for the record books.
The sharp rebound across global markets pushed stocks to all-time highs, with the S&P 500 rising more than 10% in April. Hedge Fund Research called it a “historic gain” for the industry, with the average fund up 4.8% — the second-best monthly return since 2009, behind only November 2020
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