Hedge funds lifted by stocks, stymied by bonds in May, say sources

Hedge Fund Performance: Hedge funds experienced a positive return of 3% in May, benefiting from a weaker dollar and market dislocations, with year-to-date returns at 5%. However, they faced challenges in commodities and fixed income markets due to high debt concerns.

Strategy Variations: Different hedge fund strategies yielded varied results, with stock picking funds returning 3%, multi-strategy funds at 2.5%, and quantitative equity funds achieving 4.2%. Notably, AQR Capital Management saw gains through stock selection, while systematic funds struggled with volatility management.