News Digest: Hedge funds outperform S&P 500 despite near 6% year-to-date loss
June 15, 2022
News Digest:
Hedge funds, on average, posted a loss of 5.88% for the first five months of this year, as compared to a 12.76% slide in the S&P 500 Total Return Index during the same period, according to the Barclay Hedge Fund Index.
Takeaway:
Following a 2.35% loss in April, the hedge fund industry was down 0.66% last month, while the S&P 500 Total Return Index rose marginally by 0.18% in May.