Saturday, 29 August 2015
Last updated 14 hours ago
Jun 3 2011 | 2:07pm ET
Most hedge funds took a hit in May, but the bigger they are, it seems, the harder they fell.
Some of the industry's biggest names suffered the biggest losses last month, according to Lipper, and none more so than Mulvaney Capital Management's Global Markets fund, which fell 11.8% from May 2 through May 30, Reuters reports.
Well, almost none: Superfund's "C" share class lost 16.7% in May—but that's because its two-times levered. The standard "A" class fell 8.7%.
Other firms burned by the month's volatility, especially in the commodities market, were Aspect Capital, whose diversified fund fell 5.3%, and Man Group's flagship AHL strategy, previously reported to have lost 4.6% during the period.
SVM Asset Management's Highlander Fund lost 4.4%, Hermitage Capital Management's flagship Global Fund 2.6% and Odey Asset Management's European strategy 2.45%.
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…