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Komfie Manalo, Opalesque Asia:

The hedge funds industry marked another positive performance month in May, with the asset class returning 0.93% through the month to bring year-to-date gains to 1.55%, marking longest period of positive gains since May 2015.

Although this does not match the 2.39% and 1.42% returns seen in March and April, almost all leading strategies saw positive returns; and for the first time this year, all leading strategies are now marking positive year-to-date performance, data provider Preqin said in its latest report.

Amy Bensted, head of hedge fund products at Preqin, commented, "The hedge fund industry saw further gains in May, with positive returns across all leading strategies and for the industry as a whole. Most trading methodologies and strategies are showing gains in 2016 YTD, despite negative performance at the start of the year, and hedge funds can look forward to the coming months with optimism."

Event driven posts strongest gains

Event driven strategies saw the strongest performance through the month, returning 1.59% to take 2016 YTD returns to 3.01% – the highest of any leading strategy – while equity strategies also posted robust gains of 1.18% for the month. Macro strategies were the only leading strategy to record losses in May, returning -0.11%.

Following three months in which they produced the highest returns of any size classification* emerging hedge fun......................

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