Saturday, 30 May 2015
Last updated 14 hours ago
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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…