(Fin Alternatives) The hedge fund industry has booked its longest stretch of positive performance in a year with a gain in May, according to new research from industry data provider Preqin.
Preqin’s aggregate hedge fund industry performance benchmark returned 0.93% through the month, bringing year-to-date gains to 1.55%, according to a statement. Although lower than March and April gains of 2.39% and 1.42%, respectively, the May results bring all leading strategies into positive year-to-date performance for the first time this year.
Other highlights from Preqin’s report:
