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Research Perspective Vol.80

Last month hedge funds exhibited mixed performance as volatility remained elevated, but this month they seem to be capitalising on their trades. Inflation in the U.S. is upward trending according to April’s CPI number and the oil prices surged following U.S. government’s decision to withdraw from Iran's nuclear deal. Stocks rebounded, but there is still ambiguity if the volatility will remain elevated. Bank of England kept its interest rates steady resulting in a gilt yield drop. Macro and CTA strategies posted strong gains during the first two weeks of May, followed by equity hedge strategies. On the other hand, event-driven...