Politics & Regulation

CTAs fly, equity strategies dive in May market mayhem


With numbers for May now in from about two-thirds of the funds reporting to the EuroHedge database, the full extent of the impact on European hedge fund performance of a torrid month in the markets is becoming clear.

With stockmarkets tumbling and risk aversion soaring on the back of further escalations in the eurozone political and financial crisis, hedge funds found themselves once again beset by extreme levels of intra-day volatility and renewed systemic risk fears.

Although the overall EuroHedge Composite index is showing an estimated loss of only around 1.1% for May at this stage, the overall