2026’s Hedge Fund Leaders: A China Equity Surge and a 58-Point Spread

The latest HSBC Hedge Weekly covers performance into late May, and the gap between the year’s best and worst funds has widened again. The top fund is up 41.41 percent. The bottom is down 16.88 percent. That spread of just over 58 percentage points is wider than the 46-point gap HSBC reported two weeks earlier, and it keeps making the same point: in 2026, picking the right strategy has mattered far more than being long the market.

Telligent Greater China leads the field at 41.41 percent through April. The fund, run by Ching-Shan Lin since 2004, invests in Greater China equities, meaning mainland...