The Preqin All-Strategies Hedge Fund benchmark generated its first negative monthly return for 2019 in May, posting a loss of 0.10%. This ended a four-month stretch of positive monthly returns for the industry benchmark. Consequently, the YTD figure fell to +6.40%.
Relative value strategies hedge funds took the crown as the top performing strategy benchmark with a return of +0.64% for May. Credit strategies hedge funds were the only others to join them in positive territory with a return of +0.12%.
Hedge funds denominated in BRL managed to avoid a loss in May, the only main currency benchmark to do so, with the BRL hedge fund benchmark returning +1.00%. This improved its 12-month return to +13.20%, far outstripping other currencies in this timeframe.
It was also a promising month for emerging hedge funds as they managed to outperform their larger counterparts by a significant margin, boasting the only positive return for any fund size classification at +0.89%. This further improves their YTD figure to +8.09% for 2019 and their 12-month return to +2.77%, both the highest returns of all fund size classification benchmarks for hedge funds.
For more benchmarks by strategy, region, size and more, take a look at the full May 2019 performance figures.
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