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Eurekahedge: Hedge Funds Up Again In May

Eurekahedge's monthly hedge fund report saw the hedge fund industry post its second consecutive month of gains, up 0.33% in May and 0.48% year-to-date. Some other key highlights for the month include: Performance has varied sharply with small to medium sized hedge funds delivering gains while funds managing in excess of US$500 million in assets seeing losses of 0.34% with their sub-group of billion dollar hedge funds declining 0.88% in May. Total hedge fund assets grew by US$26.4 billion over the past five months, which compares with a growth in total AUM of US$92.9 billion over the same period last year. Investors have...