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HFR: Hedge Funds Advance In May

HFR's monthly hedge funds performance report saw energy hedge funds soaring in May to their best monthly gain since April 2016, leading the performance of the broad-based HFRI Fund Weighted Composite Index with strong complementary contributions from Healthcare, Energy Infrastructure, and Technology exposures. The HFRI EH: Energy/Basic Materials Index surged +6.3 percent in May, leading all indices in the month and bringing the YTD gain to +8.7 percent. The HFRI Fund Weighted Composite Index was up +1.0 percent in May, the strongest month since January and bringing YTD performance to +1.4 percent through May. Strong and accelerating gains in the US economy drove...