– May was a very strong month at K Funds, with many investors reaching out for information and preparing their equity repositioning.

– Equity markets continued their recovery from the March lows. Investor confidence and risk appetite were supported by the gradual reopening of the global economy and better than expected macro data. The S&P Index managed to break the 3000 level for the first time since February, closing the month up +35% from the March low and down 11% from the February high.

– Our Due Diligence & Fund monitoring services and consulting team has also been busy helping allocators in this period where risk management is highly scrutinised.