The hedge funds earn a little gatherings raised by the commercial deal between the United States and China

Written by Carolina Mandel

Morgan Stanley’s note showed on Tuesday that the hedge funds in New York (Reuters) -hedge funds in Global showed limited gains from a large gathering in Wall Street, which caused the United States and China agreement on the definitions on Monday.

The hedge funds rose 0.60 % on average on Monday, which led to a lack of performance of the S&P 500 index, which advanced 3.23 % and closed at its highest level since March 26.

Morgan Stanley said the world’s world’s lowest investment in the United States than in the past two years, as hedge funds and other investors have transferred money to other regions after US President Donald Trump began a global trade war that shocked financial markets.

The bank said that since Trump ads are the irregular tariff that created uncertainty, hedge funds have also become quieter in recent months and have placed more short positions, or bets that will be decreased by stocks.

Morgan Stanley said the hedge funds were the quieter in five years last week and had to cover short pants during the gathering.

The bank said that the hedge funds did not gain much from Monday in technology and artificial intelligence shares prices due to low sectors.

From year to year until May 12, global hedge funds rose on average by 2.12 %, while S&P decreased by 0.69 %.

(Participated in the reports of Carolina Mandal in New York; edited by Richard Chang)