More than 70% of hedge funds report losses in May with an average shortfall of 3.09%, a Barclay Group report says.
Eleven of Barclay’s 18 hedge fund indexes dropped in May, with the emerging markets Index falling 4.73%, technology down 3.44%, European equities losing 3.37% and the Pacific Rim index dropping 3.24%.
Barclay Hedge Fund Index saw an overall loss in May of 1.78%.
But funds reporting net gains rose an average 1.41%.