| 29.04.2020 CTA/managed futures funds outperformed other hedge fund strategies despite weakness in energy sector |
| Opalesque Industry Update - Hedge fund managers were down 6.00% in March 2020 (-7.6% YTD), outperforming global equities which languished 13.99% over escalating COVID-19 outbreak concerns, reports data provider Eurekahedge. Around 80% of the hedge fund managers tracked by Eurekahedge were able to outperform the global equity market during the month. Fund managers utilising long volatility and tail risk strategies, which are known to provide crisis alpha and tail-risk protection, have returned 36.5% YTD. Among the more traditional hedge fund strategies, CTA/managed futures funds were up 1.90% in Q1, outperforming other major strategies for the year.
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