This Fund Benefited From May Strength In Iron-Ore Prices With A Sizzling 74% Return In 2019

May was a bit more difficult for many hedge funds than the first four months of the year, but as always, there were some standouts. Regal Funds Management's Atlantic Absolute Fund returned 8.4% for May and is up more than 74% year to date.

Regal’s Atlantic fund rises despite soft equities

The S&P 500 was down almost 7% in May, while the MSCI World Index declined more than 6%.

Australia outperformed on the back of the federal election results, which the market reacted favorably to. The Australian Prudential Regulation Authority also eased interest-servicing buffers. Commentary from the Reserve Bank of Australia had a dovish...