New York (HedgeCo.net) – Hedge funds were down 1.15%1 in May, ending a ten month winning run for the industry. However managers in all regions outperformed their respective underlying market indices, as the MSCI World Index declined by 2.52%2 during the month.
Below are the highlights for May:
Hedge funds in all regions outperformed underlying markets.
Net asset flows remained positive – US$4.7 billion of capital invested in hedge funds.
Net asset flows for first five months exceed US$100 billion.
Latin American managers deliver positive returns for May, up 0.65%.
Relative value hedge funds up for twelfth consecutive month, gaining 12.30% during this time.
