Hedge Funds Shed Retail Amid Fears Of "Apocalypse"

Long / Short Hedge Funds had a particularly strong month in April, a Morgan Stanley Prime Brokerage report noted. While analysts have fretted over China and efforts to reduce government and corporate leverage, long exposure significantly benefited fund managers. Other major stock market trends can be seen in hedge fund positioning, including the retail apocalypse trade playing itself out.

European and Long / Short Hedge Funds European hedge funds best performers

On a global basis, European hedge funds generally had the best returns in April, with the average hedge fund in the...