Provisional estimates for the EuroHedge Composite Index show
an overall loss for European hedge funds of around 0.6% in
Mays wildly volatile markets, although the composite
median result masks many big losses and a few substantial gains
among individual funds.
With numbers for May so far in from about 60% of the funds
that report to the EuroHedge database each month, the medians
for most strategies are showing negative returns for the month
with only credit, equity market-neutral and quant
strategies, event-driven and fixed-income showing small
As was to be expected, managed futures funds fared worst by
far with the rout in several major commodities markets
in early May taking a big toll on most trend-following CTA
trading strategies, most of which have significant exposure to
The medians for managed futures funds are currently showing
provisional losses for the month of over...