The With Intelligence data report for May reveals that the hedge fund industry experienced net outflows of USD0.3 billion in May, extending the negative streak to two consecutive months after the USD23 billion outflow in April pushed year-to-date flows into negative territory.
Nick Evans writes that a challenging month in May produced mixed results for most hedge funds as volatility intensified across global financial markets, although several strategy areas are still showing strong gains for the year and substantial outperformance against major equity market indices.
Eurekahedge, using data from With Intelligence, reports that hedge funds were down 1.00 per cent in April against a backdrop of growing geopolitical and macroeconomic uncertainty.
The latest May report from Eurekahedge With Intelligence reveals that hedge fund managers were down 0.72 per cent in April, outperforming the tech-heavy NASDAQ and S&P 500 by 12.54 per cent and 8.08 per cent respectively.
The latest HFM Hedge Fund Performance Report finds that hedge funds retreated 0.4 per cent in April, dragging year-to-date returns further into the red at -0.6 per cent.
Nick Evans writes that severe market turbulence in the past few weeks has sparked extreme mixed fortunes for several of the world’s biggest and best-known hedge funds – with some eye-catching gains in April as well as a few jaw-dropping losses.
Broad Reach Investment Management, the London-based emerging markets macro manager, has announced plans to expand its operations into the US with the opening of a mid-town Manhattan office in September as assets grow amidst continued strong performance.