Saturday, 5 September 2015
Last updated 10 hours ago
Jun 9 2008 | 12:24pm ET
Hedge funds are back in the black after a strong May.
Hedge Fund Research’s HFRI Fund Weighted Composite Index added 2.11% last month and is now up 0.13% year-to-date. By contrast, the Standard & Poor’s 500 rose 1.3% in May, leaving it down 3.8% on the year.
Equity hedge strategies were the best performers on the month, rising 2.72%, though they remain down 1.13% on the year. Energy and basic materials funds soared 5.2% (up 3.08% YTD) and technology and healthcare funds added 3.98% (up 0.56% YTD). On the other hand, short bias funds were hurt by the market rally, falling 2.82% (up 1.9% YTD).
Emerging markets funds rose 1.62% in May, though last year’s strongest strategy remains down 3.41% on the year. Russia and Eastern Europe funds did best, rising 4.75% (down 1.27% YTD), followed by Latin America fund, which added 2.2% (up 3.28% YTD). Asia ex-Japan funds continued their rough year, falling 1.36% (down 9.69% YTD).
Event-driven funds rose 1.64% on the month (down 0.91% YTD), macro funds 1.57% (up 5.59% YTD) and relative value funds 1.54% (down 0.61% YTD).
Funds of hedge funds rose 1.76%, and are now down 1.57% 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…