May was a washout both in terms of UK weather and funds of funds performance. According to the InvestHedge medians, funds of hedge funds had a negative month with the Composite down 1.01%, taking the year-to-date performance to 1.26%. The Global Multi-Strategy FoHF index was down 0.88%, taking the year-to-date figure to 1.51%. The only strategy which had a positive May was Global Macro/Currency funds of funds, up 0.11%, taking their performance for the year to date to 0.38%.
The InvestHedge US Equity index was down 3.10%, though for the year to date US