U.S. funds


For the month of May, U.S. hedge funds produced increasingly healthier returns in relatively better market conditions. Moreover, for the second consecutive month every strategy in the Absolute Return Index was positive. Leading the pack was Global Equity with a monthly performance of 4.48%, recovering the losses made in the first quarter of the year. May also turned out to be a good month for managed futures, which posted a median gain of over 4%. Significant improvements in the equity markets can be judged by analyzing the Absolute Return U.S. Equity and Technology strategies, which were up an