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Greenwich Global Hedge Fund Index up +0.49% in May (+4.70% YTD)

Wednesday, June 05, 2013
Opalesque Industry Update:

  • Hedge funds had mixed results in May with nearly a perfect 50/50 split between gainers and losers. Over all, the Greenwich Global Hedge Fund Index showed modest growth of +0.49% in preliminary May results.
  • Long-Short Equity managers and Event-Driven managers contributed the most to the industry’s gains adding +2.13% and +1.88% respectively in May. May’s gains bring these strategy’s year-to-date numbers up to +7.91% for Long-Short Equity managers and +7.23% for Event driven managers on average.
  • Event driven managers benefited from the unusually large number of new deals announced in May while the equity markets’ fairly steady rise throughout May contributed to the large increase in Long-Short Equity managers’ portfolios.

Greenwich

Press Release

BM

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