(Opalesque) Hedge fund performance fell in May, posting the first monthly decline for 2019, as global equities suffered steep losses amidst ongoing trade negotiations and the inversion of the US yield curve, according to data released by HFR®.
The HFRI Fund Weighted Composite Index® (FWC) Index fell -1.5 percent for the month, topping US equities by 480 basis points (bps), as losses across equity-sensitive strategies were only partially offset by mixed performance across fixed income-based Relative Value Arbitrage (RVA) exposures.
