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Laxman Pai, Opalesque Asia: Hedge funds showed positive performance across most strategies, with a weighted average return of 1.7% for May. Fixed income arbitrage strategies led the category with a 2.7% return, according to data from asset servicer Citco.
Hedge funds also experienced further net inflows, with Hybrid funds particularly attracting investor interest. Hedge funds rebounded strongly from April, maintaining a positive overall trend for 2024 with a year-to-date return of 8.26%.
The overall weighted average return for funds administered by the Citco group of companies (Citco) came in at 1.7% in May, rebounding sharply from last month's small dip to give a year-to-date return of 8.26%.
Meanwhile, in a separate report, Aurum said that hedge fund performance was generally positive in May; most strategies, particularly those with a higher beta to equities, had positive performance.
The average asset weighted hedge fund net return across all strategies was 0.73%. Hedge fund performance dispersion was similar to that observed in April.
Long biased funds monitored by Aurum's Hedge Fund Data Engine returned an average of 1.48%, the best performing master strategy group during the month. All sub-strategies had positive returns; the best performing was long biased - Equity.
Equity long/short funds returned an average of 1.35% in May. It is the second-best performing master strategy year-to-date. All sub-strategy returns were positive; the best performi...................... To view our full article Click here
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