After a steady decline over the past few weeks, most of the HFRX Indices moved back into positive territory in the week ending 24 May.
The recovery was lead by the Market Directional Index, which gained 1.13% over the week, followed by the Event Driven Index, which gained 0.95%.
HFRX Indices performance May 18 to May 24<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
HFRX Global Hedge Fund Index
HFRX Equally Weighted
HFRX Convertible Arbitrage Index
HFRX Distressed Securities Index
HFRX Equity Hedge Index
HFRX Equity Market Neutral Index
HFRX Event Driven Index
HFRX Macro Index
HFRX Merger Arbitrage Index
HFRX Relative Value Arbitrage Index
HFRX Absolute Return Index
HFRX Market Directional Index
HFRX Hedge Fund Indices are designed to be representative of the overall hedge fund universe and its major component strategies.