Goldman Sachs-Traced Asian Hedge Funds Rally 8.9% After March Slumps
Goldman Sachs-tracked Asian stock-picking hedge funds rebounded 8.9% through April 9, recovering most of March's losses after the US-Israeli conflict de-escalated. In March, Trivest’s $5.4 bn TAL China Focus Fund and Mohit Khurana’s $1.65 bn Summit Macro Fund each fell 10.2%, while median stock and macro funds lost 4.5%–6.9%.
1. March Losses Across Asian Hedge Funds
Escalation of the US-Israeli conflict with Iran in March drove extreme volatility, causing median Asian stock hedge funds to lose between 4.5% and 6.2% and median macro funds to slide 6.9%. Trivest’s $5.4 bn TAL China Focus Fund and Mohit Khurana’s $1.65 bn Summit Macro Fund each recorded 10.2% declines, marking their worst monthly performances.
2. April Rebound in GS-Tracked Funds
Following news of a truce, Asian stock-picking hedge funds tracked by Goldman Sachs Group rebounded 8.9% through April 9, recouping the bulk of March’s losses. This rally contributed to an average 15% year-to-date return for these strategies.
3. Market Drivers and Outlook
The swift reversal reflects investor rotation back into equities as eased energy supply concerns and inflation fears lowered systemic risk. Continued diplomatic progress could sustain this momentum, but ongoing geopolitical tensions still pose potential headwinds for asset managers.