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Komfie Manalo, Opalesque Asia: Hedge funds posted their best monthly gain last month since June 2012 as the HFRX Global Hedge Fund Index posted 0.9% positive performance in May (+0.92% YTD). According to data provider Hedge Funds Research, the global financial markets posted gains last month, as geopolitical tensions over Ukraine eased and investor risk tolerance returned to equity and M&A markets.
"Equity markets gains with a strong recovery in both U.S. technology and Emerging Markets, with the latter led by Russia, India and Argentina. U.S. equity sector gains were led by Technology, including both Biotechnology and Semiconductors, as well as Growth, Energy and Cyclical sectors, with small cap posting gains which lagged large cap," HFR said in its monthly performance report.
In Europe, Germany, Russia and Spain led the equities rally, while India, Japan and Hong Kong led Asian equity markets, and the Middle East, Argentina and Turkey led other emerging markets. U.S. yields declined for the month as inflation pressures remained subdued, employment continued to improve and the U.S. Federal Reserve maintained its commitment toward gradual tapering of stimulus measures, while credit ti...................... To view our full article Click here
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