This Fund Of Funds’ Returns Show Many Hedge Funds Were Down In May

It’s looking more and more like May was a bit more difficult for hedge funds than the early months of the year were. Evanston Capital’s Weatherlow Fund of Funds was down 1.5% for May as many of its core funds were in the red for the month as well. The fund of funds had $3.2 billion in assets under management as of June 1. Q1 hedge fund letters, conference, scoops etc Weatherlow’s biggest position was in the Element Capital U.S. Feeder Fund, which was 9.3% of the fund. Element was down 3.5% for May. Other notable declines were in Matrix…