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Hedge fund returns improved in May, but still in negative territory, says Citco report

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Hedge fund returns improved month-on-month in May, however, they remained in negative territory amid persistent market volatility, according to the latest monthly Hedge Fund Report from the Citco group of companies (Citco).

Hedge fund returns improved month-on-month in May, however, they remained in negative territory amid persistent market volatility, according to the latest monthly Hedge Fund Report from the Citco group of companies (Citco).

All strategies except for commodity funds continued to experience negative returns, although declines were smaller than the previous month. On an AuA basis, the largest funds –over $3 billion – continued to see the largest declines, with a return of -2%. Funds with $1-3 billion AuA bucked this trend, however, delivering positive returns of 0.3% in May.

Overall weighted average returns for hedge funds administered by the Citco group of companies (Citco) was -1.1%; a notable improvement on the -2.9% seen in April, with performance once again mixed across both strategy type and size.

Net inflows to hedge funds administered by Citco more than trebled month-on-month in May, with overall subscriptions of $9.3 billion, far outstripping redemptions of $6.6 billion.

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