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.
