Reported 10 months ago
Goldman Sachs reported that hedge fund managers focused on mergers and acquisitions (M&A) outperformed other strategies with a 7.7% return in the first five months of 2024. Deal-making has rebounded due to declining interest rates and a stable economic environment, with worldwide M&A totaling $1.3 trillion, a 23% increase compared to 2023. U.S.-targeted M&A accounted for 56% of global M&A, with notable deals including Capital One's $35.3 billion bid for Discover Financial Services and ConocoPhillips' $22.5 billion offer for Marathon Oil. Overall, hedge funds averaged a 7% return by the end of May, with stock trading strategies leading at 7.4% return.
Source: YAHOO