Hedge funds have beaten the market for the first time in 10 years

Hedge funds reported a 0.4 percent gain from the beginning of the year to April, beating the broad US index S&P 500, which lost 0.4 percent over the same period.
Increased volatility, along with the rise in energy prices, as well as well-traded bond bets, have been the basis for better industry performance, comment market observers.
This is the first time in nearly a decade, when hedge funds beat the broad US index. For the first four months, the S&P 500 index recorded a decline of 0.38%.
The sectors with the best performance since the beginning of the year were from the health and technology. They have brought a 4.54% yield, while fixed income betting strategies have yielded a net return on hedge funds of 3.12% from the beginning of the year to April.
In April, the most performing sectors were the energy sector and the base materials sector, with a growth of 4.46%.
The rise in oil and other commodity raw materials contributed to the good performance of the energy sector, which registered a growth of 1.5, as well as of the basic materials sector by 2.3%.
Cryptocurrencies also contributed to the strong performance of hedge funds. The tracking blockchain technology index declined by 19.3% since the beginning of the year, but only in April added 47.1% to its value.