(HedgeCo.Net) With a little over two weeks left in the month of May, hedge funds are on pace to show at least some growth for the second consecutive month. Industry wide, hedge funds so-far have outperformed underlying markets during the month, and were up 1.12% in April while underlying markets as represented by the MSCI World Index ended the month up 0.67%.

A recent article in Eurekahedge explains the growth indicated that “Emerging market managers continued to perform well during the month supported by resilient oil and commodity prices which are helping to inject some investor optimism. A confluence of factors has helped oil gain some support despite ineffective talks between OPEC members while rather encouraging Chinese macro data and stimulus measures have also aided in providing a better outlook for the Chinese economy, resulting in the climb in prices across the commodity space.”