April’s Market Turmoil Ended With Hedge Funds Up — But Only Barely

Bank failures and high interest rates are testing managers’ chops.

Illustration by II

Illustration by II

The markets of 2023 are starting to look a little like 2008 — a treacherous time for hedge funds. But despite the market turmoil that continued in April, hedge funds posted a small gain, rising 0.4 percent for the month, according to Hedge Fund Research.

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