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 data from With Intelligence reports that hedge funds fell for a second straight month in May amid rising uncertainty over geopolitical and economic tensions.
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.
Eurekahedge data from With Intelligence for April shows that the Eurekahedge Hedge Fund Index declined -0.50 per cent in April 2022, outperforming the S&P 500 which fell -8.80 per cent over the same period.
Bravura Solutions has announced that its Babel messaging microservice handled a record level of investor transactions for the month of March, processing orders totaling over GBP1 trillion.
Private equity behemoth KKR has completed its second mega-fundraise in the space of six weeks, announcing the final closing of KKR North America Fund XIII at USD19 billion.
Institutional investor inflows to hedge funds rose to their highest level for seven years in the first quarter of this year, as the industry’s strong outperformance against sharp declines in equities and fixed-income continues to drive a surge in global investor demand for hedge fund exposure at a time of extreme market volatility, macro-economic uncertainty, and geo-political risks.
The Eurekahedge Hedge Fund Index gained 1.48 per cent in March 2022, supported by the robust performance of the S&P 500 which returned 3.58 per cent over the same period.
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