Index sheds 1.1% in May as equity funds suffer


Long/short equity funds were the prime casualty of a turbulent month in May as the euro crisis and growing global macro concerns took a heavy toll on world equity markets.

Overall the EuroHedge Composite index fell by just 1.14% on a median basis (1.45% on a mean average basis). But the equity medians were much worse – at -2.25% for European equity, -4.41% for global equity and -5.17% for emerging market equity.

By contrast, CTAs had a strong month – with the managed futures index up by almost 4% – while there were also