Hennessee: Hedge Funds Up 1.79% In May

Jun 12 2013 | 9:53am ET

Hedge funds enjoyed gains last month, although they once again failed to match or exceed the performance of the broader markets.

The Hennessee Hedge Fund Index rose 1.79% in May, compared to a 2.08% jump for the Standard & Poor's 500 Index. Equity long/short funds, notably those focused on financials, industrials and technology, did well, rising an average of 2.71%.

"At month end, managers saw significant increases in volatility, a significant drop in the dollar, especially against the Japanese yen," the Hennessee Group's Charles Gradante told Dow Jones Newswires.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...