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Hedge Funds Continue 2018 Gains In May

Fairfield, Iowa-based data provider BarclayHedge published its monthly hedge fund returns today, which sees the industry up +0.90% in May, for an annual gain of +1.16%. The S&P500 is up +2.02%. “Biotech and information technology led stock markets higher in developed economies, while emerging market equities continued lower for another month,” says Sol Waksman, founder and president of BarclayHedge. The firm saw 15 of the 17 indices which it publishes seeing gains in May. Healthcare and biotechnology were the strongest performers with gains of +4.88%, and technology came in second with an increase of +3.65%. Emerging markets and convertible arbitrage were the only...