(Hedgeweek) Hedge funds posted their fifth consecutive month of gains this year, up 0.31 per cent during the month of May, according to the latest Index Flash Update from EurekaHedge. On a year-to-date basis, managers gained 3.25 per cent while underlying markets are up 7.45 per cent.
Equity markets performed well this month with strength led by developed markets. Encouraging macroeconomic data from Europe and Japan buoyed economic recovery sentiments with growth in manufacturing activity adding to much optimism.
