News Digest: Global macro shines in market rout as tech-focused hedge funds bleed

May 5, 2022

News Digest:

Hedge funds having a dominant portfolio bias towards so-called “growth stocks” in the technology sector suffered a nearly 5% loss in April amid a market rout, with the Nasdaq Composite plummeting by over 13%.



In contrast, global macro funds gained 5% on average last month, driven by robust returns in commodities, fundamental discretionary and trend-following strategies, HFR figures showed. Overall, hedge funds lost 0.9% in April, as compared to a loss of about 9% for the S&P 500, the data provider said.



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