Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.95% in April 2021, pushing its 2021 return to 6.96%, supported by the robust performance of the global equity market as represented by the MSCI ACIW (Local) which was up 3.53% over the same month. The strong corporate earnings, combined with better-than-expected macroeconomic data, acted as a tailwind to the performance of the equity market over the month. In the US, as the risk surrounding COVID-19 remained in the region, the Fed reassured the market that they will keep their accommodative monetary policy until they see encouraging progress in the economy. As a result, the yields of long-dated US treasuries retreated, resulting in interest-rate sensitive tech-stocks rallying during the month. The NASDAQ Composite was up 5.40% in April, outperforming the 5.24% and 2.71% return of the S&P 500 and DJIA respectively.