Monday, July 15, 2024

Hedge funds advance in May as markets turn

  • Long-short equity hedge funds lead industry gains in May

Hedge funds gained in May, reversing April losses, led by long/short equity and event-driven strategies.

“Equity markets reversed course in May, and with that we saw a general improvement in performance across the equity long-short space,” reported Adam Singleton, CIO of external alpha solutions at Man Group.

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