Funds Of Funds Are Back In 2019 After The Worst Year Since 2011

Hedge funds overall struggled in May, posting the first negative monthly return for 2019 based on the Eurekahedge Hedge Fund Index. Funds of funds have done especially well this year after bouncing back from last year’s sordid performance. After May’s 0.71% decline, the Eurekahedge Hedge Fund Index is still up 4.32% for the year. Although a May performance number for multi-strategy funds tracked by Eurekahedge isn’t available, funds of funds outperformed their single-strategy counterparts in the first four months of the year. Funds of funds were up 5.32%, compared to the 5.08% gain by single-manager funds. Last year was the…