Hedge Funds Add 1.13% In May

Jun 17 2014 | 3:30pm ET

Hedge funds rose 1.13% last month, more than doubling their year-to-date gains but still leaving them far behind the broader markets.

The Credit Suisse Hedge Fund Index is up 1.86% on the year after May’s gain, less than half the more than 4% return of the Standard & Poor’s 500 Index.

Managed futures funds did best in May, rising 3.09% to cut their average year-to-date loss to 0.92%. Long/short equity funds rose 1.51% (2.05% YTD), distressed funds 1.45% (4.95% YTD), emerging markets funds 1.35% (down 1.27% YTD), event-driven funds 1.07% (4.02% YTD) and global macro funds 1.02% (0.41% YTD).

Multi-strategy funds rose 0.89% (2.43% YTD), risk arbitrage funds 0.56% (1.85% YTD) and fixed-income arbitrage funds 0.45% (2.99% YTD).

Only three strategies lost ground in May: Short-bias funds shed 1.1% (down 1.65% YTD), convertible arbitrage funds fell 0.52% (up 2.27% YTD) and equity market neutral funds edged down 0.27% (down 1.22% YTD).

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…