Thursday, 3 September 2015
Last updated 2 hours ago
Jun 6 2008 | 10:45am ET
Hedge funds posted a strong May, besting the Standard & Poor’s 500 with a 1.44% return.
Hedge Fund Research’s HFRX Global Hedge Fund Index is now down just 0.2% on the year. The S&P 500 is down 3.8% after rising 1.3% last month.
Equity hedge was the best-performing strategy, returning 2.39% in May, though it remains down 0.17% year-to-date. Convertible arbitrage added 1.83% (it remains one of the worst-performing strategies of 2008, down 5.01% YTD) and macro 1.77%. The latter is the top strategy of the first five months of the year, with a 10.51% return.
Only one of the eight HFRX strategies was in negative ground in May: Distressed securities finished the month marginally lower with a 0.12% decline (down 3.28% YTD). The year’s worst-performing strategy, relative value arbitrage, was up a bit on the month, adding 0.11%, but remains down 6.5% on the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…