15 June 2023 - Hedge funds built on their recent performance with another positive month in May, achieving a total weighted average return of 0.4%, although performance dipped compared to the previous month.
Returns were driven by larger funds, with the median return for funds administered by the Citco group of companies (Citco) coming in at -0.1%. Overall, May’s gains took the year-to-date weighted average return to 6.02%.
These are some of the findings from Citco's Monthly Hedge Fund Update, which explores performance, capital flows, trade volumes and treasury volumes during the month of May.
Citco Monthly Hedge Fund Update – May 2023