Hedge fund performance has its second month of declines during April

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Risk aversion causes performance decline
After seeing returns drop by 0.18% in March, the Eurekahedge Hedge Fund Index posted a similar decline of 0.17% in April, attributed to the fact that risk aversion returned to the global markets because of concern about European debt, soft US economic data and a slowdown in Chinese growth. However, the average manager finished the month up 1.45%.

Once again, performance was diverse across the regions, with Japanese funds seeing gains in March turn to losse