Modest index loss in ‘wild’ May hides big losers and winners


Provisional estimates for the EuroHedge Composite Index show an overall loss for European hedge funds of around 0.6% in May’s 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 positive returns.

As was to be expected, managed futures funds fared