Wednesday, 22 February 2017
Last updated 8 hours ago
Jun 18 2007 | 2:52pm ET
Hedge Fund Research’s HFRI Fund Weighted Composite Index rose 2.19% in May to reach 6.93% on the year. But it was overshadowed both by the HFRI Fund of Funds Composite Index (up 2.14% in May and 7.17 year-to-date) and the Standard & Poor’s 500 (3.49%, 8.77% YTD).
All eight of the HFRI strategies, as well as the four HFRI fund of funds subindices, were in positive territory last month, led by emerging markets funds (2.72%, 11.5% YTD). Equity hedge (2.53%, 7.49% YTD), macro (2.39%, 4.75% YTD) and event-driven (2.2%, 8.49% YTD) also posted strong months.
Among the HFRI FOF subindices, the strategic index was the best performer, rising 2.49% (7.95% YTD).