WEST PALM BEACH, FL (www.hedgeco.net) – The Van Global Hedge Fund Index rose 1.2% net of fees in May according to new preliminary data released by Van Global LLC (VAN), a leading hedge fund indexprovider. The gains in the Van\u00c3\u00af\u00c2\u00bf\u00c2\u00bds Hedge Fund Index, comes at a time when many critics had begun to write obituaries for hedge funds, resulting from recorded losses in many arbitrage portfolios lastmonth.<\/p>\n
Kevin Campbell, Vice President of VAN, said, “May saw a turnaround in hedge fund performance, on the strength of surging equity markets, particularly the NASDAQ and Russell 2000; long\/short equity managers led the way. Macro managers also performed well in May. Short-biased long\/short equity funds, on the other hand, struggled while convertible arbitrageurs continued their decline and will likely see outflows through the end of the second quarter.”<\/p>\n
Equity markets also made advances in May, with the S&P 500 and the MSCI World Equity gaining 3.2% and 1.5%, respectively, while the Dow Jones Europe Stoxx 50 fell -0.4%. The NASDAQ and Russell 2000 gained 7.6% and 6.4%, respectively. Van also noted for the year to date, hedge funds continue to beat those benchmarks. The Van Global Hedge Fund Index has a preliminary year-to-date return through May of 0.5% net while the S&P 500 sustained a -1.0% loss year to date through May. The MSCI World Equity Index, Dow Jones Europe Stoxx 50, NASDAQ, and Russell 2000 have lost -2.5%, -4.3%, -4.9%, and -5.4%, respectively, for the year.<\/p>\n
Van will release an updated April return data using a larger sample of funds, in mid-June; final results for May will be calculated at the end of June. Van Money Manager Research, LLC (“VAN”) is a hedge fund index provider that constructs hedge fund indices based on performance information received from hedge funds domiciled in the U.S. and offshore.<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
HedgeCo.Net is the most popular hedge fund database and community in the world. Membership on HedgeCo.Net<\/a> is free and easy. We also offer free listings for Hedge Funds!<\/font><\/b><\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a><\/font><\/b><\/p>\n","protected":false},"excerpt":{"rendered":" WEST PALM BEACH, FL (www.hedgeco.net) – The Van Global Hedge Fund Index rose 1.2% net of fees in May according to new preliminary data released by Van Global LLC (VAN), a leading hedge fund indexprovider. The gains in the Van\u00c3\u00af\u00c2\u00bf\u00c2\u00bds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3153","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3153","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3153"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3153\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}