Long/short equity hedge funds outperform in Q2, while global macro managers underperform

From GlobeNewswire: 2024-07-16 09:05:00

Investment firm Unlimited released its Q2 2024 Hedge Fund Barometer, showing equity long/short strategies outperforming others with 2.7% gains, while global macro managers underperformed. Long/short managers shifted towards large tech companies, reversing previous strategies focusing on smaller stocks. The Barometer uses machine learning to track hedge fund performance across asset classes and sectors. Hedge funds generally saw modestly positive performance in Q2, with long/short equity funds leading at +2.7% and global macro funds trailing at -0.1%. Unlimited’s data shows funds holding bullish positions in U.S. dollar and cautious views on U.S. bonds. Fixed income managers are highly leveraged with max credit risk but face challenges with historically low spread levels. Unlimited aims to provide low-cost access to hedge fund strategies using proprietary technology.



Read more at GlobeNewswire: Unlimited Hedge Fund Barometer: Long/Short Equity