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
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