Event Driven Hedge Funds Advance In May; Best Alpha In 6.5 Years For L/S FundsMark Melin
Event Driven Hedge Funds comeback but for how long? The hedge funds advance was slight in May, as managers generally delivered positive performance but nonetheless didn’t keep pace with the S&P 500 monthly return. With the S&P total returns index up 1.8% in May, hedge funds returned 0.9%, propriety analysis from Morgan Stanley's prime brokerage indicates. The HFRI Fund Weighted Composite Index was up 0.4% on the month and the Barclay Hedge Fund index was up 0.78% during May.
Event driven hedge funds performed positively while the long end of . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible