Pivotal Point of View — May 2024

Published 17 June 2024 · Covers May 2024

Originally issued as June 2024.

The PivotalPath Composite Index appreciated 1.1% in May and is up 6.1% YTD. The Index continues to generate positive alpha of 6.3% relative to the S&P 500 (S&P) over the last 12 months, even as equity markets declined in April and recovered in May. Read Full article to learn about Hedge Fund Performance.

+0.9%Composite, May

+5.9%Composite, year to date

+0.8%Composite, Q2

Equity DiversifiedLeading strategy

Headline strategy indices

Strategy	May	Year to date
Equity Diversified	+1.9%	+7.3%
Event Driven	+1.5%	+3.9%
Equity Sector	+1.2%	+6.4%
Equity Quant	+1.1%	+6.7%
Credit	+1.0%	+4.5%
Multi-Strategy	+0.8%	+5.5%
Volatility Trading	−0.2%	+0.9%
Global Macro	−0.5%	+4.7%
Managed Futures	−1.2%	+8.8%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

← PreviousApril 2024 Next →June 2024