Funds of Hedge Funds Performance

Confidence boosts global multi-strategy returns

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As equity markets continued to rally in May the GMS sector clocked up welcome gains, with a median return of 2.76% pushing year-to-date numbers up to 4.29%.

Thanks in large part to strong May returns, some funds of funds are now into double-digit territory after only five months and according to Merrill Lynch hedge fund selling seems to be bottoming out. Among the underlying funds that boosted the returns in May are Lansdowne UK Strategic that was up 9.4% in May and Greenlight that was up 5.7% for the month.

In terms of economic drivers oil prices doubled