Bank of America
May 14, 2026
Hedge Fund Monthly Update
Monthly UpdateEquitiesMacro Economic IndicatorsRates CreditInformation TechnologyEnergy
Hedge funds saw broad gains in April 2026 with a 2.8% median return, led by a 14.8% surge in Technology funds. Q1 2026 marked the second-highest quarterly inflows for the industry at $44 billion.
Key Takeaways
- 1.April 2026 was a broadly positive month for hedge funds, with a median return of 2.8% and all strategies and regions finishing in the green.
- 2.The Equity TMT sector saw its best month since January 2008, with the HFR Technology Index returning 14.8% driven by AI earnings and a semiconductor surge.
- 3.Hedge fund industry AUM reached $5.2tn following the second-highest quarterly inflows on record ($44bn in Q1 2026).
Table of Contents
- What's Happening in Hedge Funds?
- 1) Green sweep
- 2) Best month for Equity TMT
- 3) Record dispersion
- 4) 2nd highest Quarterly inflows
- 5) Equity L/S Leverage
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Authors
Author(s)
Securities
HFR Technology IndexSPXVIXMSCI APAC
Themes
AI Monetization vs. AI SpendRising Leverage & Risk-On SentimentRegional Outperformance in APAC
Regions
North AmericaAsia PacificEuropeUnited StatesTaiwanSouth Korea
