Hedgefund.net reports that hedge funds were up an average of 2.34% in April, according to the HedgeFund.net-PerTrac Universes. The top 25% of hedge funds gained an average of 3.04%, while the bottom 25% of hedge funds was up an average of 0.54% for the month. Macro sector funds, the month’s top performing strategy, were up an average of 5.13% in April. By comparison, the S&P 500 was up 1.22% during the month.

Through April, the year-to-date average gain for hedge funds was 8.21%. The top 25% of hedge funds gained 10.72% for the year-to-date, while the bottom 25% was up 3.25% over the same period. The S&P 500 is up 4.99% since the beginning of 2006.