The flagship portfolios of AQR, Citadel, outperformed the stock market

• Hedge funds AQR and Citadel posted rises in their flagship portfolios last month.
• The gains outpaced the broader stock market’s double-digit losses.
• May’s small increase follows a more robust 7.45% gain in April when the S&P tumbled nearly 9%.

Mutual funds AQR and Citadel posted ascents in their leader portfolios last month that dominated the more extensive financial exchange’s twofold digit misfortunes.

Stronghold’s multi-methodology Wellington store had an unassuming ascent in May and presently brags gains 13% for the year.

Ken Griffin’s Citadel let financial backers know that the asset crawled up 0.23% in May when the S&P 500 record (.SPX) finished level. May’s little increment follows a more powerful 7.45% addition in April when the S&P tumbled almost 9%.

The S&P was off 13.3% in the initial five months of 2022.

Read more: Asia’s stock markets are bracing for higher inflation in the U.S

Stronghold Equities is up 6.46% for the initial five months of the year, while the association’s Global Fixed Income store is up 14.35% and its Tactical Trading portfolio has risen 9.85% since January, Griffin said.

A representative for the firm declined further remark.

Bastion oversees $51 billion in resources and its benefits place the association’s portfolios in sharp differentiation to those of numerous other mutual funds, including Tiger Global – one of the business’ greatest firms.

AQR’s Absolute Return is up 43.3% in the year, inking an addition of 5.5% last month, as the asset has profited from the ongoing full scale climate.

The company’s Equity Market Neutral mutual funds has serenely beaten the S&P in May, up 13.2% in the month.

Its return in the year is positive 52.5%. AQR has $117 billion in resources under administration.

The HFRX Equity Hedge Index fell 3.31% in the initial five months of 2022, as per information supplier Hedge Fund Research.

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