Hedge Fund Shorts Retreat As Mo Mo Rally Continues

The CTA / Quant Macro hedge fund category was the best performing strategy in May but hedge funds as a whole continue to lag the stock market, according to the May Hedge Fund Monthly Update from UBS.

Emerging Markets hedge funds lagged behind in second place

The CTA/Quant Macro category, traders who often utilize derivatives and algorithms to deploy capital in markets, were up 2.4 percent in May, the largest advance of any hedge fund category survived. Emerging Markets hedge funds lagged behind in second place at 1.8 percent monthly return. The average for the entire hedge fund strategy group for the month was 1.4 percent versus...