Hedge Funds Acted Like Hedge Funds in May

Many long-short funds reported smaller monthly losses than the stock market, while other funds posted gains.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Hedge funds appear to have done a good job of hedging in May, if the early performance numbers are anything to go by.

While the Standard & Poor’s 500 stock index fell more than 6 percent and the Nasdaq Composite lost more than 8 percent for the month, many hedge funds are reporting losses of between a half a point and less than 2 percent for the month.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.