Hedge fund managers ended May 2019 down 1.09 per cent on an equal-weighted basis, and 1.37 per cent on an asset-weighted basis, outperforming the global equity market which slumped 6.12 per cent during the month.
The return of US-China trade tension weighed on hedge fund managers' performance during the month, leaving barely a third of the hedge fund managers tracked by Eurekahedge in positive territory over the month.
Over the month of May, USD0.9 billion of investor outflows and USD18.3 billion of performance-driven losses were recorded by the global hedge fund industry.
$2bn tech-focused hedge fund SoMa Equity Partners to shutter
San Francisco-based hedge fund SoMa Equity Partners is winding down after returning capital to investors, bringing the curtain down on a…
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Arcana hires former Goldman Sachs exec to Lead EMEA expansion
Portfolio intelligence provider Arcana has appointed former Goldman Sachs executive Rhys Williams as head of EMEA, as the technology firm…
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ExodusPoint adds Pictet trader to London equities team
Multi-strategy hedge fund major ExodusPoint Capital Management has strengthened its London equities operation with the appointment of Jade…
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