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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note