Hedge fund performance in May was higher than expected for the month, with sector returns finishing at 4.06 per cent, compared to expectations of a return of 3.1 per cent, according to the Credit Suisse/Tremont Hedge Fund Index.
Emerging markets posted 6.96 per cent for the month as risk returns to the marketplace and rising commodity prices encouraged investors. Convertible arbitrage was the next best performer at 5.81 per cent, a little down from expected returns of 6.03 per cent.
Dedicated short bias, while posting a negative return of minus 0.55 per cent, improved significantly from a much worse performance in April of minus 9.57 per cent.
Hedge funds have posted returns of 6.72 per cent over 2009.
With sticky inflation plaguing Australian and global markets, super funds have seen their first negative monthly return since October 2023.
There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney last night.
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
Add new comment