The Credit Suisse Hedge Fund Index (the Broad Index) finished up 0.83 per cent for the month of May with eight of the 10 sub-strategies all finishing the month in positive territory.
Long/Short Equity led the way with a return of 2.15% for the month, followed by Equity Market Neutral (1.00%), Event Driven (0.85%), Global Macro (0.71%), Multi-Strategy (0.65%), Convertible Arbitrage (0.52%), Fixed Income Arbitrage (0.48%) and Emerging Markets (0.37%).
Managed Futures was the month’s biggest loser, down 0.84 per cent, while Dedicated Short Bias ended the month in negative territory too, with a return of -0.83 per cent.
