Activist Hedge Funds Make A Major Comeback In May
Hedge funds had a decent time in May. During the month, all major strategies showed a positive return except for managed futures. The monthly report from eVestment found that the average return of a hedge fund was 1.23% in May, bringing up average returns for the 5-month period to 2.2%.
Activist hedge funds grab highest return since Jan 2013
Of particular note were . . .
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