Fixed-Income Arbitrage And Multi-Strategy Funds Outperformed In April

April brought another positive month for hedge funds administered by Citco. They recorded a weighted-average return of 1.1%, capping their four-month return for 2023 at 5.58%. On a median basis, the hedge funds administered by Citco returned 0.6%, suggesting that larger funds outperformed smaller ones last month. Over 65% of the funds administered by Citco were in the green for April, marking a sizable jump from the 48% of funds recorded in March. Q1 2023 hedge fund letters, conferences and more The firm also noted a meaningful decline in the rate-of-return spread, which displays the difference in fund returns in…