RBC: Hedge Funds Up 0.6% In May, 4.85% In '13

Jun 19 2013 | 9:08am ET

Hedge funds inched up in May, posting a 0.6% return, according to RBC Capital Markets.

The RBC Hedge 250 Index is up 4.85% on the year.

Mergers and special-situations funds led the way in May with a 2.74% jump (10.79% year-to-date). Convertible arbitrage funds rose 2.14% (6.24% YTD), equity long/short funds 1.45% (5.96% YTD), multi-strategy funds 1.3% (7.24% YTD), credit funds 1.24% (6.25% YTD) and equity-market neutral funds 0.77% (1.12% YTD).

Managed futures funds tumbled 3.26% last month (up 0.77% YTD). Macro funds shed 0.44% (up 0.6% YTD) and fixed-income arbitrage funds dropped 0.09% (up 3.5% YTD).

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