Two-Thirds Of Hedge Fund Managers Report Positive Performance In May, Allocators Plan To Increase Investment Amid Healthy Environment
Q1 2021 hedge fund letters, conferences and more
PivotalPath has released their monthly report, the Pivotal Point Of View, which measures performance among more than 2,000 institutionally-relevant hedge funds, as well as 40+ different hedge fund strategies and $2.3T in total industry assets.
Highlights
- The PivotalPath Hedge Fund Composite Index added 1.1% in May, bringing the index up to 7.2% YTD. 67% of managers reported positive monthly performance, with over 84% of funds up YTD.
- TMT and Healthcare were each down 1.6% - continuing a theme that has persisted in 2021.
- In discussion with our allocator clients, we are seeing this healthy environment for hedge funds lead to interest in increasing their hedge fund portfolios.
- As further evidence to this positive hedge fund environment, 38 out of the 40 strategies we track have generated positive alpha relative to the S&P 500 over the last year, including all broader strategies on the alpha leaderboard.
