•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

In the week ending May 24th 2019, hedge funds are gaining steadily this year but still lagging well behind the broader market. The $3.2 trillion industry is up 7% through April while the S&P 500 popped 17.5%, according Preqin. Strong hedge fund performance was additive to industry assets in April, putting overall industry assets at $3.288tn.

Angelo Gordon's $1.5 billion multi-strategy hedge fund, known as the Super Fund, has returned 3.4% through April, but a letter to investor says the firm has lost two portfolio managers that started the firm's liquid credit strategy. BlueMountain Capital's Credit Alternatives Fund posted nearly a 4% loss in the first quarter, an investor letter shows, while the rest of the industry gained nearly 6% on average. BusinessInsider wrote the roughly $11 billion fund did recover slightly in April but has still lost money so far this year. It's the latest blow to BlueMountain, which has axed two of its three equity strategies this year and had a major investor say the manager's growth prospects have "declined significantly."

Meanwhile, various media outlets reported that the billionair......................

To view our full article Click here