Equities: Equity managers give up some ground in May
Sat Jul 1, 2006
Long/short equity funds gave up their April gains and more
in May. The Absolute Return U.S. Equity Index declined 1.18%
for the month to stand at 5.42% year to date. The Global Equity
Index fared even worse, dropping 2.29% to cut its YTD return to
5.24%. Relative performance for both hedge fund indices was
less odious than absolute losses, as the S&P500 fell 3.09%
for a return of 1.75% YTD, while the MSCI World (ex US)
ISSN: 2151-1845 / CDC10004H
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