(Opalesque) Hennessee Group LLC announced that the Hennessee Hedge Fund Index gained +1.21% for the month (+4.14% YTD), while the S&P 500 rose +3.42% (+7.58% YTD), the Dow Jones Industrial Average increased +5.41% (+9.75% YTD), and the NASDAQ Composite Index moved higher by +2.59% (+6.32% YTD). Bonds were negative on the month, as the Barclays Aggregate Bond Index lost -2.37%, (+2.51% YTD).
The top three strategies for the month were Financial Equities (+8.93%), Event Driven (+3.00%) and High Yield (+2.84%). The bottom three strategies for the month were Latin America (-6.34%), Short Biased (-1.79%) and Asia-Pacific (-1.35%). For the year, Latin American (+26.04%) continues to lead all strategies while Short Biased (-7.61%) brings up the rear.