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) Index...

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