TechFlow News, May 2: Wall Street once again displayed a thriving landscape—stock markets repeatedly hit new highs, investor risk appetite rebounded, and alternative investment strategies delivered strong results. Both the S&P 500 Index and the Nasdaq-100 Index closed the month at record highs, driven by robust earnings from major technology companies and strong earnings forecasts from Apple Inc. While optimism prevails in traditional asset markets, a different picture emerges in the realm of alternative investment strategies. According to Hedge Fund Research (HFR), hedge funds attracted $45 billion in capital during Q1 2024—the highest two-quarter inflow since 2007—pushing the industry’s total assets under management (AUM) to a record $5.2 trillion. Meanwhile, data from Société Générale shows that trend-following quantitative funds posted approximately a 10% year-to-date gain in May, outperforming U.S. equities. (Jinshi)
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