Bramshott Capital Down 5% In April

Hedge funds sustained a bad run in the March-April period as markets abruptly reversed course. Bramshott Capital, a London-based equity long / short fund, saw a 5.2% decline in April in its Bramshott Europe Fund. The fund's year-to-date return is now down to -4.7%, according to a monthly investor letter reviewed by ValueWalk.

Bramshott's letter said that the last few months brought positive macroeconomic data but that inflation remained low, which drove down the yield of 10-year bonds. Like other hedge funds, Bramshott also noted the rise in corporate...