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Alternative Market Briefing

Hedge fund performance goes positive in May - Citi Prime Finance

Thursday, June 26, 2014

Bailey McCann, Opalesque New York:

Composite hedge fund performance, equal-weighted across funds, was positive for May 2014. Performance ranged from +0.45% to +1.18%. Returns exceeded the previous month which experienced -0.73% to -0.19% over the same period, according to the latest hedge fund data from Citi Prime Finance.

Top performing strategies in May 2014 include Equity Long/Short at +1.35%, Distressed at +1.07%, Event Driven at +1.07%, Multi Strategy at +0.87% and Emerging Markets at +0.82%. The lowest performing strategies include Dedicated Short at -1.1%, Global Macro +0.43%, and Equity Market Neutral +0.48%.

Hedge fund industry assets rose in May, realizing an increase of +$59.8bn for the month after experiencing an increase of only +$16.1bn in April 2014. May gains were attributed to both net new investor flows and performance. Total industry gains in May were nearly triple the monthly gain in assets throughout 2013 which averaged +$21.2bn.

Net positive investor flows of +$22bn for May marks the fourth consecutive month of net positive investors flows this year. May flows exceed the average investor flows reported throughout 2014 which now stand at $18.9bn. Year-to-date investor flows total $94.8bn.

Equities markets, even those in emerging markets rallied in May positing positive gains according to report data. US equity sector gains were led by Technology, including both Biotechnology and Semiconductors, as well as Growth, Energy and Cyclical se......................

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