These hedge funds crushed it in April — and a key Liberation Day lesson helped them

Cătălin Roșioru

Claims of historic performance are often exaggerated on Wall Street. But April was one for the record books. The sharp rebound across global markets pushed stocks to all-time highs, with the S&P 500 rising more than 10% in April. Hedge Fund Research called it a "historic gain" for the industry, with the average fund up 4.8% — the second-best monthly return since 2009, behind only November 2020. And still there were funds that stood out for their eye-popping performance. Chase Coleman's Tiger

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