(Daily Alts) Managed Futures Funds The Best and Worst of MayManaged futures mutual funds and ETFs posted another month of losses in May, falling by an average of 0.87% on the heels of April’s 1.83% losses. May’s losses compare to a much worse loss of 3.02% for the Credit Suisse Managed Futures Liquid Index. Of the sixty funds in the category, which returned an average of -1.45% in the first five months of 2016 versus gains for the Index of 2.22%, only seventeen funds posted gains in May.