Hedge funds witnessed their third consecutive month of negative returns in May as global markets registered large declines during the month. The Eurekahedge Hedge Fund Index dropped 1.55% in May but remained in positive territory for the year, up 1.91% May YTD. Comparatively the MSCI World Index shed 9.32% in the same month.
All regional mandates finished the month with negative returns, although hedge fund managers across the board were able to control their losses and protect their portfolios. Most region hedge funds remain in positive territory for the year, with North American and Latin American managers leading the pack with gains of 2.66% and 4.27% respectively.
