Hedge funds delivered another month of positive performance in May, extending their recovery from the first-quarter market sell-off, while investor appetite remained strong with the industry recording a fifth consecutive month of net inflows, according to the latest data from Citco.
Citco’s analysis shows that hedge funds generated a weighted average return of 3.6% during May, lifting year-to-date performance to 7.9%.
Global macro managers led performance for the second consecutive month, postin...
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