Hedge Funds, FoFs Make Gains In May

Jun 16 2014 | 10:23am ET

Single-manager hedge funds added 1.25% in May while funds of funds added 1.38%, according to new data from Preqin.

Last month's gains put hedge funds up 2.50% year to date and funds of funds up 1.51%.

All strategies tracked by Preqin ended May in the black, led by activist funds, up 1.84% (3.36% YTD); followed by volatility funds, up 1.64% on the month (3.05% YTD); macro funds, up 1.51% (1.55% YTD); multi-strategy funds, up 1.29% (2.76% YTD); long/short funds, up 1.25% (2.10% YTD); relative value funds, up 1.15% (3.10% YTD); and event-driven funds, up 1.04% (4.37% YTD).

Systematic funds—up 2.08% in May, 2.75% YTD—outperformed discretionary funds which added 1.25% in May (but are up 2.94% YTD).

In regional terms, emerging markets, up 2.91% on the month (2.90% YTD) led developed markets, up 0.93% on the month (3.33% YTD).

European funds (up 1.42% in May) outperformed Asia-Pacific funds (up 1.02%) and North American Funds (up 0.75%). European funds also led in YTD terms, up 4.22%, followed by North American funds (up 3.75%) and Asia-Pacific funds (up 0.34%).

UCITS hedge funds were up 1.46% in May (1.90% YTD) and CTAs added 0.43% (0.54% YTD).


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