Money Control – Hedge funds run by computers and star managers alike were hit by May’s choppy markets, as many funds were unable to recoup the heavy losses suffered in the commodities sell-off at the start of the month.
Computer-driven funds such as AHL and Aspect, which follow market trends but dislike sudden changes in market direction fared badly, according to data group Lipper, as oil lost up to USD 13 a barrel at one point on May 5 and silver fell 12% on the same day.
