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Dow Jones Credit Suisse Hedge Fund Index up 0.42 per cent in May

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The Dow Jones Credit Suisse Hedge Fund Index finished up 0.42 per cent in May with six of the 10 sub strategies recording positive returns.

 
Event driven led the way with a return of 2.27 per cent followed by convertible arbitrage (1.30 per cent) and long/short equity (1.19 per cent).
 
Managed futures was the worst performer for the month by some margin with a return of -4.98 per cent, while the other sub strategies in negative territory for the month were dedicated short bias (-1.51 per cent), emerging markets (-0.20 per cent) and global macro (-0.05 per cent).
 
There were no funds dropped from or added to the Dow Jones Credit Suisse Hedge Fund Index in May.
 

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