HFN: Hedge Funds Down 2.74% In May

Jun 15 2010 | 1:18am ET

May is over, and the hedge fund industry couldn’t be happier.

HedgeFund.net’s HFN Hedge Fund Aggregate Index dropped 2.74% last month to cut its year-to-date return to 1.03%. The HFN results are just the latest from a hedge fund index that show the industry lost between 2% and 3% in May, their worst month in the past 18.

Of course, hedge funds weren’t alone in suffering through a turbulent May; in fact, they did pretty well, all things considered. The Standard & Poor’s 500 Index plummeted more than 8% on the month.

In that sort of environment, short-bias funds were able to trim their 2010 losses, jumping 4.86% in May to leave them down 4.17% on the year. No others were so lucky.

Emerging markets hedge funds dropped 5.57% on the month, and are up 1.02% on the year. Long/short funds shed 3.91% in May (up 0.03% year-to-date), distressed funds shed 2.08% (up 6.08% YTD) and macro funds shed 0.41% (up 1.56% YTD).

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…