Hedge Fund Sulit Kejar Reli Saham AS saat Trump Tunda Tarif

Hedge funds missed out on a significant rally in U.S. stocks triggered by President Donald Trump's pause on some tariffs for 90 days. Despite this, they managed to limit their losses during the subsequent sell-off. On April 9, global equities long/short hedge funds were up 0.98%, while the S&P 500 index soared 9.5%. U.S. hedge funds posted higher gains, up 2.28%, but still underperformed the index. These funds turned negative on Thursday as the S&P 500 slumped 3.5% and the MSCI World index fell 1.2%. Hedge funds underwent the largest selling on a net basis in almost 15 years a week ago, while also turning the most bearish since 2011. With a reduced portfolio of long positions, hedge funds did not take much advantage of the rally but managed to avoid oversized losses in Thursday's plunge. According to Goldman Sachs, hedge funds bought U.S. equities at the largest notional value in more than a decade on Wednesday due to short covering in macro products. Despite the volatility, equity hedge funds are outperforming the S&P in 2025. Year-to-date through April 10, global fundamental long/short funds were down 4.3%, while the S&P 500 dropped 10.4% in the same period.