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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of