After two months of losses we recovered most of these losses during April. The positive return of 2.3% is encouraging. We are also happy to see that the performance came from a wide range of funds and almost all strategies. Especially the most recently added funds to the portfolio are strong performers. We are also busy with a couple of new funds which are very promising.
In contrary to previous months the differences in performance were small. Next to this we had the advantage of the strengthening of the US Dollar, which boosted the result by about 0.5% over April. We expect also for the next months a continuing support from the US Dollar.