Latest news with #marketgains
Reuters
26-05-2025
- Business
- Reuters
Asian hedge funds regain lost ground in May, increasing leverage
HONG KONG, May 26 (Reuters) - Asian equity-focused hedge funds have risen in May, erasing April's tariff-driven losses and returning to year-to-date highs on the back of broad market gains. Asia-focused fundamental long-short hedge funds have posted a gain of 1.6% so far this month, bringing year-to-date performance back to the first-quarter high of 6.1%, according to a Goldman Sachs note citing data as of May 22. A strong stock market rebound, fueled by the U.S.-China agreement to temporarily slash tariffs, helped regional managers recover from early April losses, the bank said. By country, China-focused fundamental managers have returned 1.3% in May, while Japan-focused peers are up 0.8%, Goldman Sachs estimated. However, the gains lag major benchmarks, as many funds had aggressively cut positions amid extreme volatility in early April. The MSCI Asia-Pacific Index (.MIAP00000PUS), opens new tab has advanced more than 4% this month. "The V-shaped recovery was hard to trade for some," said Patrick Ghali, managing partner of hedge fund advisory firm Sussex Partners. Depending on positioning, Asian hedge funds' performance has diverged since April and "we will see a lot more dispersion of returns", he added. Goldman Sachs noted dispersion is particularly high in hedge funds trading Japanese shares. Despite ongoing tariff and geopolitical uncertainties, most hedge funds appear more willing to take on risk. Net exposure among Asian equity hedge funds jumped to 50.8% as of May 22, up from 46% at the end of April, Goldman Sachs says.
Yahoo
26-05-2025
- Business
- Yahoo
Asian hedge funds regain lost ground in May, increasing leverage
By Summer Zhen HONG KONG (Reuters) -Asian equity-focused hedge funds have risen in May, erasing April's tariff-driven losses and returning to year-to-date highs on the back of broad market gains. Asia-focused fundamental long-short hedge funds have posted a gain of 1.6% so far this month, bringing year-to-date performance back to the first-quarter high of 6.1%, according to a Goldman Sachs note citing data as of May 22. A strong stock market rebound, fueled by the U.S.-China agreement to temporarily slash tariffs, helped regional managers recover from early April losses, the bank said. By country, China-focused fundamental managers have returned 1.3% in May, while Japan-focused peers are up 0.8%, Goldman Sachs estimated. However, the gains lag major benchmarks, as many funds had aggressively cut positions amid extreme volatility in early April. The MSCI Asia-Pacific Index has advanced more than 4% this month. "The V-shaped recovery was hard to trade for some," said Patrick Ghali, managing partner of hedge fund advisory firm Sussex Partners. Depending on positioning, Asian hedge funds' performance has diverged since April and "we will see a lot more dispersion of returns", he added. Goldman Sachs noted dispersion is particularly high in hedge funds trading Japanese shares. Despite ongoing tariff and geopolitical uncertainties, most hedge funds appear more willing to take on risk. Net exposure among Asian equity hedge funds jumped to 50.8% as of May 22, up from 46% at the end of April, Goldman Sachs says. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
16-05-2025
- Business
- Washington Post
How major US stock indexes fared Friday, 5/16/2025
U.S. stocks closed out another strong week on a positive note. The S&P 500 rose 0.7% Friday, its fifth gain in a row and bringing its gain for the week to 5.3%. It was the third week of solid gains in the last four. The Dow Jones Industrial Average added 0.8%, and the Nasdaq composite climbed 0.5%.
Associated Press
16-05-2025
- Business
- Associated Press
How major US stock indexes fared Friday, 5/16/2025
U.S. stocks closed out another strong week on a positive note. The S&P 500 rose 0.7% Friday, its fifth gain in a row and bringing its gain for the week to 5.3%. It was the third week of solid gains in the last four. The Dow Jones Industrial Average added 0.8%, and the Nasdaq composite climbed 0.5%. Stocks rallied this week after the United States and China agreed on a 90-day pause for most of their punishingly high tariffs, while encouraging reports on inflation have raised hopes the Federal Reserve can cut interest rates later this year if the economy falters. On Friday: The S&P 500 rose 41.45 points, or 0.7%, to 5,958.38. The Dow Jones Industrial Average rose 331.99 points, or 0.8%, to 42,654.74. The Nasdaq composite rose 98.78 points, or 0.5%, to 19,211.10. The Russell 2000 index of smaller companies rose 18.56 points, or 0.9%, to 2,113.35. For the week: The S&P 500 is up 298.47 points, or 5.3%. The Dow is up 1,405.36 points, or 3.4%. The Nasdaq is up 1,282.19 points, or 7.2%. The Russell 2000 is up 90.18 points, or 4.5%. For the year: The S&P 500 is up 76.75 points, or 1.3%. The Dow is up 110.52 points, or 0.3%. The Nasdaq is down 99.69, or 0.5%. The Russell 2000 is down 116.90 points, or 5.2%.
Wall Street Journal
12-05-2025
- Business
- Wall Street Journal
Has Bessent Spent Any Time on Main Street?
Scott Bessent writes in 'Trump's Three Steps to Economic Growth' (op-ed, May 5) that 'it's Main Street's turn to share in the prosperity' that markets have enjoyed since 1980. This, he adds, is the administration's 'guiding ethos.' Beyond stock brokers, hedge-fund managers, private-equity executives and the like, who exactly does Mr. Bessent think has benefitted from market gains over the past 50 years? What about pension and retirement funds, annuity investments, 401(k)s and individual retirement accounts, and health- and education-savings accounts? All the gains made in the markets benefit the three-fifths of Americans exposed to Wall Street through these and other investment vehicles.
