The Credit Suisse Hedge Fund Index finished up 1.13 per cent for the month of May with seven of the ten sub-strategies recording positive returns.
Managed futures led the way with a return of 3.09 per cent followed by emerging markets (1.35 per cent and global macro (1.08 per cent).
The month’s biggest loser was dedicated short bias, which finished the month down 1.10 per cent, while the other two sub-strategies to end May in negative territory were convertible arbitrage and equity market neutral with reruns of -0.52 per cent and -0.27 per cent respectively.
