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DAILYALTS: Long/Short Equity Funds: The Best And Worst Of April
FYI: Long/short equity mutual funds and ETFs returned an average of -0.11% in April, retreating a month after posting gains of 2.76% in March. The long-only S&P 500 Index, by contrast, returned +0.39% in April and +6.78% in March. For the first four months of 2016, long/short equity mutual funds returned -0.96% on average, while the S&P 500 returned +1.74%. Regards, Ted http://dailyalts.com/long-short-equity-funds-the-best-and-worst-of-april/
