The hedge fund universe, measured by the Dow Jones Credit Suisse Hedge Fund Index, gained 1.4 percent in April with nine out of ten strategies finishing in the black. For the month, hedge fund assets increased 0.2 percent after inflows of $3.4 billion.  In contrast, the value of the IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QAI), the largest alternative exchange-traded fund, rose 1.5 percent in April. Inflows to the fund surpassed $16.9 million, or 4.6 percent. Among hedge ...

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