EuroHedge index down 0.64% after difficult May


European hedge funds struggled in May’s turbulent markets, with the EuroHedge Composite Index down by 0.64% on a median basis and by over 1% on a mean average basis – to cut YTD median and mean returns to just 1.18% and 0.78% respectively.

Fixed-income and credit were the only two strategies in positive territory on the month, while the medians for emerging market debt and event-driven were only mildly negative.

The worst performing strategy by some margin was managed futures (down by 3.5% on a median basis and over 4% on a mean basis),