Goldman Sachs
May 14, 2026
Monthly Hedge Fund Performance Update
Monthly UpdateOtherEquitiesCommoditiesInformation TechnologyHealth Care
Hedge funds gained 3.5% in April 2026, led by a 7.4% surge in Equity Fundamental L/S as markets rebounded on geopolitical stabilization and tech earnings.
Key Takeaways
- 1.Global hedge funds returned +3.5% on a strategy-weighted basis in April 2026, recovering from March drawdowns.
- 2.Equity Fundamental L/S was the month's standout performer (+7.4%), driven by strong alpha from long positions.
- 3.Systematic Macro and CTA strategies remain the leading strategy year-to-date with +7.7% returns.
Table of Contents
- Performance Summary and Commentary
- APRIL MARKET WRAP
- HEDGE FUND PERFORMANCE
- DISCLAIMERS
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Securities
SPXNasdaqNKY
Themes
Geopolitical StabilizationAI-Driven Tech OptimismReturn Dispersion
Regions
North AmericaAsia PacificEuropeUnited StatesIranJapan
