(Opalesque) The global hedge fund industry saw an aggregate return of +0.65% in May, according to the just-released eVestment May 2018 Hedge Fund Performance Report. Hedge funds are up broadly for the year +0.84%. Wide disparities in returns among fund types is hiding some segments of strong performance in the industry, however.
Quantitative Directional Equity funds and Long/Short Equity funds were big winners for the month, returning +2.15% and +2.05% respectively. Overall, nearly 63% of reporting products were positive in May, but the differential between the average positive and average negative returns was the largest in nearly two years.
