Various factors conspired in May to send equity markets into turmoil - including the continuing concerns over Eurozone debt problems, Germany's ban on naked short-selling, and the US stock-market 'flash crash'. The majority of global equity hedge funds struggled to steer a course through the chaos, with most posting negative figures for the month.
Lansdowne Global Financials was down 5.58%, Horseman Global lost 5.78% and GAM Delphic was down 5.52%. The three Martin Currie ARF sector funds suffered: Global Financials lost 3.20%, Global TMT lost 5.00%, and Global Resources took a 5.40% hit. Sofaer Capital, which recently agreed to