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Alternative Market Briefing Weekly

Opalesque Roundup: Nearly all hedge fund categories outperformed the S&P 500 in May: hedge fund news, week 22

Sunday, June 16, 2019

In the week ending June 14th 2019, a report said that hedge fund returns fell last month after four straight months of positive results to start the year, but managed to outperform the broader U.S. stock market - posting much slimmer losses.

Nearly all hedge fund categories outperformed the S&P 500 in May, said eVestment. Equity strategies had the worst performance among primary markets hedge funds, but still outpaced the S&P by more than 400 basis points, with quantitative directional strategies delivering overall positive returns for clients during the month.

Meanwhile, BarclayHedge, said that global trade disputes and oil price downturns took a toll on hedge funds in May, bringing an end to the industry's four-month run of positive returns. The hedge fund industry was down 1.47%, it said; The Eurekahedge Hedge Fund Index also slumped 0.63% in May as hedge fund managers struggled to generate returns during the risk-off month; Hedge funds relatively resilient in May thanks to their defensive stance, said Lyxor research report, while EM-focused Global Macro strategies also outperformed other hedge fund strategies since the beginning of the market turmoil, Lyxor said in its Weekly Brief.

Meanwhile, managed futures were unable to maintain momentum in May as the battering equity markets and oil prices took from trade wars and tariffs contributed to CTA funds dropping 0.19%, and C......................

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