GMO up in mixed data


Equity market neutral strategies proved to be among the few strategies that posted an aggregate return in the black for the month of May. Individual funds generated mixed results, however. Deephaven's Market Neutral Fund LLC was down about 0.26%, and is up 2.4% for the year-to-date. The New Castle Market Neutral Offshore Ltd Fund posted a loss of 0.48%, bringing its year-to-date to -1.22%. Kirk Ott's GMO U.S. Market Neutral fund posted a 0.55% loss for the month of May, bringing its year-to-date loss down to 1.13%. But the Artemis Market Neutral fund was up 0.54% in May,