Early results from Australia’s absolute return and hedge funds are pointing to returns of over three per cent for May, according to Australian Fund Monitors.
Early results from Australia’s absolute return and hedge funds are pointing to returns of over three per cent for May, according to Australian Fund Monitors.
Although only 16 per cent of single managers’ results are in as of 8 June, there have been some encouraging signs with both equity and non-equity based funds performing well above the ASX 200 benchmark.
On a 12 month basis this takes losses to under ten per cent based on the average of all funds in Australian Fund Monitors’ index, against -30 per cent for the ASX200, whilst just over 30 per cent of funds have produced a positive return.
Equity-based funds returned 3.04 per cent in May, while non-equity based funds returned 3.64 per cent. Single funds returned 3.30 per cent in May.
