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Alternative Market Briefing

Equity hedge strategies led hedge fund gains in May

Monday, June 08, 2015

Komfie Manalo, Opalesque Asia:

Equity hedge strategies led hedge funds gains in May, with significant contributions from technology, healthcare and fundamental value exposures, said Hedge Fund Research. The HFRI Fund Weighted Composite Index advanced +0.7% for the month, bringing YTD gains to +3.9%, leading both the S&P 500 and Dow Jones Industrial Average, while the HFRI Fund of Funds Index climbed +1.1% for May and +4.0 percent YTD.

Hedge fund strategy performance was led by the HFRI Equity Hedge Index, which added +1.3 percent in May, the fourth consecutive monthly gain, bringing YTD to +5.1% and leading all main hedge fund strategies, as well as the S&P 500 and DJIA. Equity Hedge performance was led by the HFRI Technology/Healthcare Index, which advanced +3.5% during the month, leading all hedge fund sub-strategies; the Index has gained +8.5 percent YTD, also the leading area of sub-strategy performance. The HFRI EH: Fundamental Value Index gained +1.5%, bringing YTD performance for FV to +5.1%. Partially offsetting these gains, the volatile HFRI Energy/Basic Materials Index declined by -1.4% for the month, the seventh decline in the past nine months.

"May was another exciting month for hedge fund performance, as drivers shifted from the EM-dominated gains in April to a broad base of contributions from developed market equities, sp......................

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