HF alpha varied, yet still on the upswing along with AUM

Hedge funds may be willing to party like it’s 1999 or at the very least 1998, according to hedge fund performance tracking by industry-wide financial service providers.

One such provider, PivotalPath, said it found that its hedge fund composite index added 0.1% last month as the S&P 500 index fell by 4.6%. The firm said its composite’s outperformance ranks in the top 10% of monthly relative performance since January 1998. For the year, the PivotalPath composite produced 8.2% in alpha relative to the S&P 500.

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