By Summer Zhen
HONG KONG (Reuters) – Asian hedge funds led worldwide gains in May and the veryfirst 5 months, as bullish belief towards local equities and winning positions in China improved efficiency.
Asia-focused long/short funds throughout all methods increased 2.8% on average in May and 7.5% throughout the January-May duration, proving they outshined funds that mainly invest in the United States or Europe, according to a UBS prime brokerage note this week.
In contrast, U.S. or Europe focused hedge funds were up 1% each on average in May, and 6% each for the veryfirst 5 months.
Driven by a rise in synthetic intelligence (AI) stocks and a rebound in Chinese markets, the index has leapt 8% so far this year and is trading at its greatest giventhat April2022
is likewise up 15% so far this year, assisted by financial healing and business reforms.
UBS stated the gains made by Asian hedge funds in May