Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank
by J.P. Morgan.
Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank
by J.P. Morgan.
<p><span>Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank by J.P. Morgan. Financials and Energy declined for the month though Technology and AI surged through May-end and into June. The HFRI 500 Fund Weighted Composite Index declined -0.2 percent (estimated) in May as managers navigated banking, energy and (primarily positive) technology volatility with performance led by Relative Value Arbitrage and Macro strategies.</span></p>
Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank by JPMorgan. While Financials and Energy declined, Technology and AI surged through May.
Hedge funds post gains in April as managers navigate banking turmoil hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.