The ExodusPoint Partners International Fund returned 0.36% for May, bringing its year-to-date return to 3.31% in a year that's been particularly challenging for most hedge funds, pushing many into the red. Macroeconomic factors continued to weigh on the market, resulting in significant intra-month volatility for May, although risk assets generally ended the month flat.
Macro Impacts
In their monthly commentary for May, which was obtained by ValueWalk, the ExodusPoint team noted that investors remain concerned about rising inflation, the pace of tightening among central banks and the war in Ukraine. In the U.S., inflation remained elevated in May, evidenced by a year-over-year increase of 8.3% for the CPI in April.
Q1 2022 hedge fund letters, conferences and more
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