The emerging markets also pushed ahead thanks to the global rally. This is now the year's most successful strategy - a 2.78% May return brought the median to 5.46%.
FMG Russia was up 16.3% to leave year-to-date numbers at 25.68% and Magnum Russia Fund was up 17.26% to put year-to date-numbers at 27.41%.
Safdie Latam was up 7.45% to leave year-to-date numbers at 25% and Torrey Emerging Markets Offshore was up 7.17% to leave year-to-date numbers at 10.21%.
Permal Silk Road Fund was up 6% bringing year-to-date returns to 9.13% and Europanel Emerging European Continent was up 4.34% to leave year-to-date