Fund of Hedge Funds Performance

Stellar time for Sandalwood Securities

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Sandalwood Securities Bodleian Partners B has had a stellar May. The fund was up 6.04% in its best month since inception in April 1994.

Since inception, the fund has had a total return of 254% and a compound annual return of 8.69%. The fund's worse month saw a fall of only 5.67%. The $117 million Bodleian Partners B fund has roughly 20 managers.

The fund is allocated so that 90% of the assets are invested in distressed and event-driven securities and 10% to merger arbitrage. Sandalwood also has the $108 million Bodleian Partners A fund that has a