Fund of Hedge Funds Performance

Balmy May is best month for hedge funds in ages

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May has been the best month in 2009 so far, with the InvestHedge median return up 2.38% taking year-to-date returns for the fund of funds industry to 3.52%.

Global multi-strategy funds of funds outperformed the median with May returns of 2.76% and returns for the year to date of 4.29%. The worst performing sector up 2.24% were the European equity funds of funds, which were up 3.13% for the year to date. Meanwhile the top-performing sector was Asia-Pacific funds of funds, which were up 3.45% for the month and have gained 3.82% for the year to date.

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