Returns from global equity funds were overwhelmingly negative in May as tumbling stock markets and continued macroeconomic uncertainty played havoc with long/short strategies.
Audley Natural Resources lost 11.17%, while SR Global was down 9.66%, Gond-wana dropped 8.04% and RAB Global Mining and Resources fell 8%. Abbey Global took a 7% hit, Taube Offshore was down 6.74%, GLG Global Mining lost 6.59%, Parus was down 6.35% and BlackRock Natural Resources dropped 6.28%. RAB Octane lost 6.20% and RAB Energy was down 6.01%, while Tosca lost 5.91% and Jabcap Global Balanced was also down 5.91%.
RAB Special Situations lost 5.81%,