This Multi-Strategy Fund Saw Positive Alpha In April With Widely Distributed Gains Across Sectors

The North Rock Fund gained 1.2% for April, bringing its year-to-date return to 1.56%. Meanwhile, the MSCI All Country World Index rose 1.5% in April.

So far this year, the fund's biggest-contributing sector is communication services, which has contributed 0.7% net to its year-to-date return. In second and third places are information technology, at 0.41%, and consumer staples, at 0.32%.

On the other hand, the only detractors from North Rock's year-to-date return are consumer discretionary, which subtracted 0.53% net, and materials, which subtracted 0.16%.

Q1 2023 hedge fund letters, conferences and more

Healthy Economic Numbers

In their April letter to investors, which...