Mixed fortunes in tough month for market-neutral and quant strategies

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The May returns for equity market-neutral and quantitative strategies were something of a mixed bag – with some funds navigating the rocky markets safely enough, but with others suffering along with their counterparts in more fundamental long/short equity strategies.

Best performers on the month were LMR Fund, which returned 4.88%, and HiQ Invest Market Neutral, which was up 4.69%. GSA Capital International made 1.51%, and GLG European Long/Short was up 1.39%, while ABCA Reversion gained 1.35% and HSBC European Alpha x2.5 was also up over 1%.

Swiss Alpha Strategies was up 1.27%, Sector Healthcare made 0.85%, and Abaco