Absolute Return Indices: Long/short equities lead the way in May

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The Absolute Return Composite Index rose 1.55% in May, its second positive month in a row, bringing the year-to-date total to 1.6%. Stocks led the way, with the U.S long/short equity index taking the top spot, up 2.57%. That sizable gain brings its total for the year into the black, at 0.84%. Technology and global long/short equities were not far behind, with gains of 2.19% and 2.09%, respectively. JM


ABSOLUTE RETURN STRATEGY INDICES

Strategy

May 08

YTD 08

Arbitrage

1.29%

3.39%

Commodities

1.24%

7.89%

Convertible & Equity Arbitrage

0.75%

-0.68%

Credit

1.01%

0.73%

CTAs

1.12%

7.59%

Distressed

0.95%

-1.49%

Event Driven

2.02%

0.24%

Fixed Income

1.13%

4.88%

Global Equity

2.09%

-0.03%

Latin American Debt

1.38%

3.81%

Latin American Equity

2.00%

1.18%

Macro

0.94%

2.11%

Mortgage Backed

1.16%

3.17%

Multistrategy

1.90%

1.04%

Technology

2.19%

-0.87%

U.S. Equity

2.57%

0.84%

Absolute Return Composite

1.55%

1.60%



ABSOLUTE RETURN COMPOSITE INDEX



Source: Absolute Return