Good News for Hedge Funds in May

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Finally, hedge funds had a good month!   According to Eurekahedge reports, May is the “best month in nine years.”   The Singapore-based data provider’s Eurekahedge showed that Hedge Fund Index rose 5.2% last month, based on preliminary figures, its best since February of 2000.   The index is now up 9.2% on the year. 

Asian hedge funds were the best performers in May, rising 9%, followed by emerging markets funds a 8.5%, a record for the strategy.  Event-driven funds also did well, with a 7.2% return in May, as did long/short equity, which jumped 6.7%.

There is more good news for hedge funds.  According to Eureka, hedge funds actually received new money in May, the first time in 10 months that the industry has seen a net inflow.  Total $3.2 billion came into the industry last month against $1.7 billion in redemptions.

Anna Timone (195 Posts)

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