News Snapshot:
As the S&P/ASX 200 Index (ASX: XJO) booked its worst start to the year since the pandemic, almost all fund managers delivered negative first-quarter returns. According to The Australian, more than 85% of Australian fund managers ended in negative territory for the three months ending March. Just 17 out of 125 Australian fund managers surveyed were able to deliver positive gains. Collins Street Value Fund, which has been around since 2016, led the pack. The value-oriented fund delivered 3.7% for the quarter (before fees). The worst performance came from Hyperion Australian Growth, which fell 15% over the quarter. Measuring up...