LONDON: Global hedge funds delivered their strongest first-half performance since 2013, data from hedge fund data firm PivotalPath showed, as healthcare, tech and energy trades lifted returns in volatile markets.
In particular, April – when hedge funds returned 3.7% in one month – proved to be the strongest April on record, the PivotalPath data showed.
Stock-trading hedge funds finished June with double-digit returns for the year so far, aided by their ability to successfully navigate already crowded trades, according to a Goldman Sachs client note that was seen by Reuters on Thursday.
Stockpickers returned 4% last month, said the Goldman note from Wednesday. It noted that those hedge funds that use fundamental analysis to assess a company’s financial health posted an 18.4% return for the quarter, their strongest performance on Goldman’s records. Their year-to-date result was slightly less at 17.4%.
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