{"id":16099,"date":"2010-06-08T07:43:30","date_gmt":"2010-06-08T11:43:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16099"},"modified":"2010-06-08T08:17:35","modified_gmt":"2010-06-08T12:17:35","slug":"hedge-funds-down-2-99-in-may","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2010\/hedge-funds-down-2-99-in-may.html","title":{"rendered":"Hedge Funds Down -2.99% In May"},"content":{"rendered":"<p>New York (HedgeCo.net) &#8211; The Hennessee Hedge Fund Index declined -2.99% in May (+1.57% YTD), while the S&amp;P 500 decreased -8.20% (-2.30% YTD), the Dow Jones Industrial Average declined -7.92% (-2.79%), and the NASDAQ Composite Index fell -8.29% (-0.53% YTD).\u00a0 Bonds advanced, as the Barclays Aggregate Bond Index increased +0.84% (+3.74% YTD), due to increases in U.S. Treasuries as both Investment Grade and High Yield bonds declined.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/very_cute_hedgehogs_012.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-16108\" title=\"Hedgehogs sad about hedge fund decline\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/06\/very_cute_hedgehogs_012.jpg\" alt=\"\" width=\"180\" height=\"157\" \/><\/a>\u201cMay was the worst month of the year for hedge funds and the worst monthly drawdown since October 2008. However, hedge fund managers avoided significant losses and outperformed traditional benchmarks on a relative basis due to conservative exposures, hedging and short positions,\u201d commented Charles Gradante , Co-Founder of Hennessee Group . \u201cIn May, we saw investors significantly de-risk portfolios as volatility increased. Given the negative headwinds that exist and potential global crises, hedge funds continue to operate with low gross exposure levels as they navigate an increasingly challenging investment environment.\u201d<\/p>\n<p>\u201cHedge funds\u2019 defensive positioning prior to May helped limit losses and provided downside protection,\u201d said Lee Hennessee, Managing Principal of Hennessee Group . \u201cDownside protection is the primary benefit of the hedge fund asset class.\u00a0 In the current environment, where investors seem to be very skittish due to higher volatility and dramatic drawdowns, downside protection and hedges are extremely beneficial.\u00a0 We are seeing hedge funds garner continued interest by the investment community desiring lower drawdowns.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; The Hennessee Hedge Fund Index declined -2.99% in May (+1.57% YTD), while the S&amp;P 500 decreased -8.20% (-2.30% YTD), the Dow Jones Industrial Average declined -7.92% (-2.79%), and the NASDAQ Composite Index fell -8.29% (-0.53% YTD).\u00a0 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-16099","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16099"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16099\/revisions"}],"predecessor-version":[{"id":16101,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16099\/revisions\/16101"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}