LONDON, June 17 (Reuters) – Hedge fund managers making bets on mergers and acquisitions outperformed those deploying other strategies with a return of 7.7% in the first five months of 2024, Goldman Sachs said in a note to clients, as deal-making rebounded.
Although Goldman did not offer a year-earlier figure for comparison, Barclays prime brokerage noted at the time that such fund mangers had returned a negative 0.8% on investment from January to May 2023, as high interest rates curtailed deal making.
Source: REUTER
