Opalesque Industry Update - The Singapore-based data centre Eurekahedge reported today what other indices have been reporting this last week: its main hedge fund index lost 1.15% (est.) in May, following 10 positive months. However, says Eurekahedge, managers in all regions outperformed their respective underlying market indices, as the MSCI World Index declined by 2.52% during the month. Key highlights for May: • Hedge funds in all regions outperformed underlying markets • Net asset flows remained positive – US$4.7 billion of capital invested in hedge funds • Net asset flows for first five months exceed US$100 billion • Latin American managers deliver positive returns for May, up 0.65% • Relative value hedge funds up for twelfth consecutive month, gaining 12.30% during this time Full press release: Source Bg |