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 the Long / Short hedge fund category outperformed at least…
Event Driven Hedge Funds Advance In May; Best Alpha In 6.5 Years For L/S Funds
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.