Hedge Funds Fall 1.5% In May

Jun 6 2012 | 10:13am ET

Hedge funds suffered their worst month of the year in May, dropping 1.5% overall with widespread losses among hedge fund strategies.

Last month's troubles, which were not nearly as bad as those suffered by the Standard & Poor's 500 Index, leave the Dow Jones Credit Suisse Core Hedge Fund Index up just 0.88% on the year. All but one of the seven strategies tracked by the suite were down; managed futures, by contrast, were way up, adding 3.52% (3.13% year-to-date).

But a sea of red consumed other major strategies, notably long/short equity, which fell 5.08% on the month to drop into the red for the year, down 3.17%, and emerging markets, down 2.33% (down 0.1% YTD). Event-driven funds lost 2.25% in May (up 1.39% YTD), fixed-income arbitrage funds 1.14% (up 0.55% YTD), convertible arbitrage funds 1.06% (up 4.79% YTD) and global macro funds 0.45% (up 2.03% YTD).


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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