Blue Diamond Fund Had Worst-Ever Month in April Amid Tariff Rout

Swiss hedge fund Blue Diamond Asset Management posted its worst ever monthly result in April even after staging a partial recovery from losses triggered by US President Donald Trump’s tariff plans.

The $2.2-billion Zug-based fund, which makes complex bets on market volatility, lost 11% in April, according to documents reviewed by Bloomberg. It was down as much as 17% early in the month, Bloomberg previously reported.