UCITS Funds Add 0.43%

Jun 6 2013 | 10:36am ET

UCITS-compliant hedge funds were broadly higher in May, according to Hedge Fund Research.

The HFRU Hedge Fund Composite Index rose 0.43% last month and is up 2.75% on the year. All but one of the suite's strategy indices were in the black in May, led by equity hedge funds, up 1.21% (4.7% year-to-date). Event-driven hedge funds rose 0.78% (2.44% YTD) and relative-value arbitrage funds 0.02% (2.37% YTD).

Only UCITs-compliant macro funds suffered a loss in May, dropping 0.35% (up 0.63% YTD).

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