Blue Sky Capital Management's World Fund was up +5.28% in April, boosting the Fund's 2009 return to +15.27%.
The Fund, which is a top-down fundamental global macro fund, benefited from stronger equity markets throughout April, Asia-Pacific equities contributing +8.56% to the overall result. North American equities and FX also made smaller positive contributions (+1.9% and +1.02% respectively), while index futures lost -3.12%. Net exposure to equity markets was sharply increased during April, up to 70.75% by the end of the month, compared to a 49.28% net exposure at the end of March.
