Equity market-neutral funds also posted strong gains in May. The biggest gainer was OKO Equity Hedge, which added 8.42% for a YTD gain of 17.37%. Anaxis Sabre Style Arbitrage rose 6.10%, bringing its YTD return to 26.41%. Danske Hedge European Equity returned 5.84%, for a chunky YTD gain of 18.44%.
GLC Gestalt Europe gained 5.72% to bring it into positive territory for the year with a gain of 4.64%. Stoneware Global Equities put on 4.50% to bring its YTD return back to positive at 0.91%. IKOS Equity Hedge returned 4.13% and is now up nearly 15% YTD while